Tesla Motors Inc (NASDAQ:TSLA) has finally reached the point at which a bubble is unquestionable. People are naming their children after the electric car. Luckily there aren’t, to our knowledge, any children walking around called “Model S,” but the Hollywood Reporter published a piece today about a child called after the company.
According to the short piece, “Parents’ ears perked up recently at Palisades Recreation Center in Pacific Palisades when a mother of a 2-year-old called out, “Tesla!”” That is the entire factual basis of the article. The Tesla Motors Inc (NASDAQ:TSLA) bubble alert thing may have been overblown, but don’t buy journalism futures in the Hollywood Reporter.
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy Read More
Other news outlets have speculated that the two-year-old child had been named after the Serbian-American inventor Nikola Tesla. That seems more probable than the car company, given the relative popularity of both three years ago. Nikola Tesla has fueled much of the Internet’s conversation for years. Tesla Motors Inc (NASDAQ:TSLA) became relevant less than a year ago.
The other possibility, given the source of the piece, is that there was never any child called Tesla. There are so many contrarian explanations for the child named Tesla it’s not worth getting into. Perhaps the Weekly World News can fact check for the Hollywood Reporter.
Tesla Motors value
Tesla Motors Inc (NASDAQ:TSLA) stock appears to have found some sort of stability in recent trading after hitting an all-time high of $173.70 per share one week ago. Since then, the stock has traded nicely between $160 and $170. A reprieve for both those shorting the company, and those long but fearing a bubble.
Stock in Tesla Motors Inc (NASDAQ:TSLA) is one of the most debated securities on Wall Street. The company is clearly overvalued based on any traditional metric, but analysts seem set on projecting its future based on the idea that the company is disruptive. That leads to blurred valuations with price targets that could go anywhere.
Tesla Motors Inc (NASDAQ:TSLA) is an unbelievable company. It has already changed the world, and it’s likely to go even further in the coming years. Tesla Motors Inc (NASDAQ:TSLA) stock is less predictable because the business Tesla wants to be in has never existed.