Tesla Motors Inc (TSLA) CEO Believes Market Is Being Very “Generous”
Recently the Tesla Motors Inc (NASDAQ:TSLA) Model S sedan was named as the safest car on the road by the National Highway Traffic Safety Administration (NHTSA). Earlier this month, we reported that Tesla Motors opened 7 more Superchargers in Oregon and Norway. The company also opened up an assembly plant in the Netherlands.
Tesla Motors Inc (NASDAQ:TSLA) is now worth around $20.52 billion in terms of market cap, putting them at about double Fiat’s size and around one-third of Ford Motor Company. About a year ago, they were trading at around $28 per share and today it is at $169.
Tesla Motors Inc (NASDAQ:TSLA) chief executive officer Elon Musk is wary about the high expectations that the market is putting on the company.
“I actually think … the market is being very generous,” stated Musk in an interview with CNBC. “And they’re obviously giving us a lot of credit for future execution. So we’ll do our best to honor the faith the market has placed in us. … I really feel like the valuation we have right now is more than we have any right we have to deserve, honestly. … We need to make sure we really knock the ball out of the park over the coming years.”This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry