The Model 3 may be Tesla Motors’ biggest test yet (TSLA)
U.S. News - 04/01/2016
Yet in a seeming paradox, “Tesla has yet to report a profit in any quarter since it has gone public,” says Jeff Born, professor of finance and director of the executive MBA Program at Northeastern University’s D’Amore-McKim School of Business in Boston. Still, semi-irrational exuberance prevails.
“The lack of tangible results to date has not deterred the stock market,” Born says. “Tesla’s market cap is now just above $30 billion. Compare that to Ford (F) at $51.7 billion and General Motors (GM) at $47.5 billion. Obviously, investors are expecting great things from Tesla in the future.”