What's not to love about Tesla (NASDAQ: TSLA)? The stock is a huge outperformer, up more than 1,000% over the past five years. The company seems to be well on its way toward executing its longtime strategy of making electric vehicles and solar energy affordable for average consumers. It's also well on its way to becoming a household name like Ford (NYSE: F), General Motors (NYSE: GM), or BMW (NASDAQOTH: BAMXF).
But if you're not already a Tesla investor -- or if you're hoping to buy more shares -- that huge per-share price tag probably looks a bit steep, especially for a company that has yet to turn a profit. Let's look at where the company is and see if we can determine whether it's a buy.
Tesla's Elon Musk has bet big on renewable energy. Can he keep investors smiling? Image source: Getty Images.
Source: Fool.com