Tesla May Be Impossible to Short, But It's Still "Dramatically" Overvalued
Although one billionaire investor thinks Tesla (NASDAQ: TSLA) stock is "impossible" to short because of the euphoria surrounding the company, that doesn't necessarily mean it's a buy.
J.P. Morgan (NYSE: JPM) analyst Ryan Brinkman said investors thinking of riding the electric car maker's stock higher should think again because Tesla stock is now "dramatically" overvalued. The market is pushing the stock up based on factors that have nothing to do with the fundamentals of its business, he says.
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Source Fool.com
