Weekend reads: Tesla’s stock is just too expensive

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Weekend reads: Tesla’s stock is just too expensive


Tesla Inc. has had a remarkable run and its future looks bright. The company has gone from delivering 41,507 luxury electric vehicles in 2015 to introducing the Model 3 in 2017 and delivering nearly 500,000 EVs in 2020.

Tesla’s
TSLA,
+7.84%

stock shot up 743% in 2020 and it has gone up another 22% in the first days of 2021. The shares are worth 18 times their price at the end of 2015. So what’s not to love?

Even under generous growth assumptions for Tesla, leading to 22 million Tesla vehicles produced in 2035, with annual revenue of nearly $1.2 trillion and $110 billion (or $60 a share in earnings), money manager Andrew Dickson has concluded that Tesla’s stock is way too expensive right now.

Also: Tesla stock approaches $900 in its longest-ever winning streak, as another analyst leaves bear camp

A stock sector for Biden’s clean sweep

When Joe Biden becomes the 46th U.S. President on Jan. 20, he will enjoy the advantage of having Democratic majorities in both houses of Congress. This bodes well for any number of environmental and clean-energy initiatives. Here’s a list of analysts’ favorite clean-energy stocks to buy now.

Along the Trail of the Coeur d’Alenes


Courtesy Idaho State Parks and Recreation

Where to retire if you want to keep skiing

Silvia Ascarelli helps a couple who wishes to retire and live in a ski-town in Colorado. The problem is the price, so she offers several alternatives while discussing other financial aspects of retirement decisions.

Try the MarketWatch “where should I retire” tool for your own customized search.

Biden, Congress and tax changes

Bill Bischoff expects 10 tax changes to “sail through Congress” and be signed by Joe Biden this year after he becomes president. Here’s how to handle them in 2021.

Learn from last year to make more money this year

Michael Brush shares three takeaways from 2020 and his biggest investing blunders last year to help set up a better 2021.


MarketWatch photo illustration/iStockphoto

Investment growth themes for 2021

Exchange-traded funds are an excellent way to play secular trends in the stock market while avoiding the added risk of holding individual stocks. Jeff Reeves highlights five high-growth themes for 2021 while naming ETFs in each category.

Hospitals now have to post prices — what does this really mean?

Wouldn’t it be wonderful to be able to price-shop for certain medical services, rather than always being surprised with extra charges and double talk? Andrew Keshner explains hospitals’ new requirements for price disclosure, how to find the information and where to complain if it isn’t available.

Good news for gig workers — but also a new challenge

Recent stimulus legislation extends the extra $300 a week in unemployment benefits for another 11 weeks. However, gig workers have new documentation requirements. Elizabeth Buchwald explains the new rules and gives advice on how to make claims.


Getty Images

The price of bitcoin
BTCUSD,
+3.37%

in U.S. dollars soared 43% — in 2021. Anthony Scaramucci and Brett Messing believe bitcoin has much more room to run for this fundamental reason.

Are you looking to buy a second home?

Here’s why it has become more difficult to buy a getaway home.

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