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Tesla Stock Is Like An Hermes Birkin Handbag

Tesla stock is currently selling at $917.42 per share -- and the big question is why. The prices are “disconnected from classic financial measuring tools such as price-earnings ratio,” per Seeking Alpha. “Tesla stock price resembles the price of luxury goods such as purses and watches, which also are disconnected from their utility value.” However, some luxury items only get more valuable with time, as their buyers have a different measure of value. Such could be the case with Tesla.

Read the whole story at Seeking Alpha »

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