A wave of exuberance has lifted Tesla shares but the doubters say the ballooning valuation makes little sense
When Tesla Inc. stock tumbled to a three-year low of around $178 a share last June, Brian White pounced. The online producer sold holdings in tech stalwarts like Microsoft Corp. and says he put about three-quarters of his retirement account into the electric-car maker’s stock.
As Tesla’s shares soared toward $500 in January, he tattooed the company’s trademark T in a design on his arm.
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