AUDVF - Tesla: Enjoy The Valuation Premium While It Lasts Because It's Going Away
Since it began selling the Model S in 2012, Tesla (TSLA) has arguably become the premier manufacturer of plug-in electric vehicles. With sales of the Model S and Model X now buoyed by sales of the Model 3 and the soon-to-be-introduced Model Y, which is built on the Model 3 frame, it would appear that Tesla is moving from strength to strength. In addition, given EU and some state rules on fleet emissions standards, Tesla should also benefit from a supportive regulatory environment. Notwithstanding its increasing production and favorable regulatory environment, Tesla’s equity