Tesla stock traded above $1,200 a share early Tuesday, putting it close to its all-time high of $1,243.49. As the stock rises—it soared by double digits on Monday—expect more debate about how to value shares of the EV leader.
Wall Street, for its part, appears to believe the stock (ticker: TSLA) is worth roughly 100 times Tesla’s per-share earnings. That is about 10 times more valuable than stocks of traditional auto makers, but it seems about right, based on one valuation methodology.
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