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Men's Weekly

Can Tesla's share price be justified? Probably not

  • Written by John Rice, Professor, College of Business, Zayed University
Can Tesla's share price be justified? Probably notShutterstock

Elon Musk is now the world’s richest person, edging out previous title holder Amazon’s Jeff Bezos. His rocketing fortune is due to the booming share price of Tesla, the maker of electric vehicles and clean energy technologies.

In the past week Tesla’s share price surpassed US$880, ten times its March 2020 low of US$85,...

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