Abstract
In their award-winning research, Bradford Cornell and Aswath Damodaran show how the massive run up in TeslaMotors’ stock price was not supported by fundamental factors and that investor sentiment played a role. They implement a discounted cash flow valuation model to reach this conclusion. The model is outlined in detail in their article, Tesla: Anatomy of a Run-Up , in The Journal of Portfolio Management . It was named Outstanding Article in the 16th Annual Bernstein Fabozzi/Jacobs Levy Awards .
In this report, Cornell and Damodaran discuss their fascination with how the markets work (or don’t work) and suggest a trading strategy for investors who believe Tesla is overvalued and have the stomach for high risk.
- The content is made available for your general information and use and is not intended for trading or other specific investment advice purposes or to address your particular requirements. We do not represent or endorse the accuracy or reliability of any advice, opinion, statement, or other information provided any user of this publication. Reliance upon any opinion, advice, statement, or other information shall also be at your own risk. Independent advice should be obtained before making any such decision. Any arrangements made between you and any third party named in this publication are at your sole risk.
Don’t have access? Register today to begin unrestricted access to our database of research.
Log in using your username and password
In this issue
Jump to section
Similar Articles
Cited By...
- No citing articles found.