Pursuits
Tesla’s Stock Now Rivals Ford and GM
The stock has hit the stratosphere as a critical year begins, but analysts are getting queasy.
Tesla's Sexy Solar, Massive Batteries and Fast Cars
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Tesla Inc. is months away from product launches that could revolutionize several industries. The most anticipated—the Model 3 electric car—is to be accompanied in 2017 by the unveiling of an electric semi-trailer truck, autonomous driving capabilities, and a ride-hailing network. Throw in the Powerwall and solar shingle, and you’ve got the makings of a busy year.
With all this going on, the stock has been on a tear—rising 48 percent in just three months. But Wall Street has begun to dissent. Analysts now consider Tesla more overvalued than at any previous time, and a technical analysis of the stock is setting off alarms.