Is It Too Late to Buy Tesla Stock?
In October, Tesla's (NASDAQ: TSLA) stock price rose above the $1,000 mark and its market capitalization zoomed past $1 trillion. It's a situation that likely had many Tesla investors rejoicing about the rise and many of those investors who have so far missed the bus wondering if it is now too late for them to benefit from this high-flying stock.
Let's discuss if buying Tesla stock at this point still makes long-term sense or not.
A lot of traditional market watchers find Tesla's valuation bewildering. At $1 trillion, the stock's market capitalization exceeds the combined valuation of the next half-dozen or so top auto stocks. In fact, it is more than 1.5 times the combined market capitalization of the next five automakers.
Source Fool.com
