‘Dean of valuation’ says Tesla would need VW-like sales and Apple-like margins to justify stock

‘Dean of valuation’ says Tesla would need VW-like sales and Apple-like margins to justify stock

Tesla has a long way to go before it justifies its current stock price, New York University finance professor Aswath Damodaran told CNBC on Thursday.

Damodaran, known as the “dean of valuation” for his company analyses, said the electric-auto maker would need to have revenues comparable to the Volkswagen Group in 10 years, margins similar to Apple’s and make manufacturing investments “like no…

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