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The Reason I Haven’t Bought Tesla Stock

TheMotleyFool

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Tesla (NASDAQ: TSLA) has been one of the market's best performers since its IPO, but it's one stock I've never been able to get myself to buy. And now that shares are trading over $1,500, it may not ever make it into my portfolio.

As we stand today, I think the market is looking at Tesla incorrectly, and that's why I see it as being extremely overvalued. It's being priced as if it's a technology stock, but it doesn't have any characteristics of typical tech stocks. And I don't see that changing.

Image source: Tesla.

Source Fool.com

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