Matthew Lynn Matthew Lynn

When will the Tesla bubble burst?

Is each of the firm's cars really worth a million dollars?

Tesla boss Elon Musk (Getty images)

How much would you pay to park a shiny new Tesla on the driveway? Perhaps fifty thousand pounds? Or seventy thousand? If you were looking at a top-of-the range Model X, which retails in the UK at £81,000, but allows you to look down smugly on all the gas-guzzling SUVs also clogging up the streets of Chelsea, perhaps ninety or a hundred thousand? 

Well, here is an odd fact: the stock market is valuing each of those cars at more than a million dollars (£750,000).

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Matthew Lynn
Written by
Matthew Lynn
Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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