In a few short months, Tesla has gone from being a company not that many people knew was even public to a company that is being escorted into the esteemed ranks of the NASDAQ 100. Now you good people know how much I love both the car and the company, but don’t you think that, for now, all the great news about Tesla is kind of out there? Let’s face it, the company still has a negative p/e, yet it is sporting a $15 billion market cap and, when you get right down to it, is an expensive maker of bespoke luxury vehicles that are selling at a rate measured in thousands, not millions.
I’m not shorting the stock, but taking on a modest options position with puts might be an interesting wager. Earnings are coming out in a couple of weeks, and that might finally take a little steam out of this incredible ascent.
