Reported 1 day ago
Jeff Sonnenfeld, a senior associate dean at Yale School of Management, critiqued Tesla's valuation on CNBC, labeling it as the biggest 'meme stock' seen to date. He pointed out Tesla's price-to-earnings ratio exceeds 200, far surpassing major competitors like Nvidia and Apple. As Tesla faces a decline in global EV sales and significant competition, Sonnenfeld warned that investors might be overly reliant on CEO Elon Musk's influence.
Source: YAHOO