Shares of stock in Tesla Motors are selling for more than $160. Some people think it is overvalued by at least $100 a share. Others think such high prices are appropriate because Tesla is more a tech company than an auto manufacturer.
The Tesla Model S, available over the Internet for a mere $69,500.
The Antiplanner thinks both views are correct. Tesla’s shares are overpriced because they are priced like a tech company–one that is likely to go bankrupt soon, or at least unlikely to ever make any money.
