Researcher says Tesla stock is too expensive and in bubble territory following Apple car report

Researcher says Tesla stock is too expensive and in bubble territory following Apple car report
CNBC
12/22/2020
Sam Shead
Tesla stock is too expensive and in bubble territory compared with its performance, according to Vitali Kalesnik, partner and head of research in Europe at Research Affiliates. 
His comments come hot on the heels of a report that Apple is once again planning to produce its own electric car with self-driving technology.
Tesla shares tumbled on Monday as it debuted on the S&P 500 and the stock ended 6.5% down from a record high in the previous session.
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CEO of Tesla Motors Elon Musk poses during a television interview after his company's initial public offering at the NASDAQ market in New York, June 29, 2010.

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