Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
…. “Tesla Inc (NASDAQ: TSLA) shares have been on fire in recent weeks, sparking a heated debate between Tesla bulls and bears as to whether the stock is a compelling long-term value or a mania-driven bubble.
DataTrek Research co-founder Nicholas Colas took a fundamental look at where Tesla stands today compared to where auto giant General Motors Company (NYSE: GM) was nearly 100 years ago.
Colas compared Tesla’s current numbers to a GM financial report from 1932. At that point, GM had been around for 24 years, eight years longer than Tesla is today”….
Read the full article here on Yahoo Finance!