Tesla Stock Is Too High

Tesla Stock Is Too High. Tesla CEO Elon Musk thinks the company's stock price has gotten out of control. There have been several reasons to bet against Tesla's shares.

Tesla tumbles after Musk tweets that stock is too high ... (Henry Cooper)

This report produced by Chris Dignam. Two minutes earlier he said: "I am selling almost all physical possessions. It's curious for any executive to say the company's stock is too high.

Two minutes earlier he said: "I am selling almost all physical possessions.

An erratic tweetstorm Friday morning sent shares plunging.

ELON MUSK,"TESLA STOCK PRICE IS TOO HIGH"

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The reason why Tesla has been able to secure such a high valuation over the past several months is that it is miles ahead of traditional carmakers in the electric vehicle industry. Investors that betted against Tesla's stock are now helping to drive it far higher. S., and the price range was too high to attract local consumers.