Think Of Tesla Stock As The Hermes Birkin Handbag For Today's Equity Market [Seeking Alpha]
HERMES INTL SA UNSP/ADR (HESAY)
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Source: Seeking Alpha
Summary Stratospheric prices for Tesla shares have become disconnected from classic financial measuring tools such a price-earnings ratio. Tesla stock price resembles the price of luxury goods such as purses and watches, which also are disconnected from their utility value. A secondary market for luxury items suggests that many of them only get more valuable with time, that their buyers simply have a different measure of value. Buy Tesla shares if you are seeking virtue for investing in the mission of reversing global climate change. Andreas Dress Unsplash Tesla ( TSLA a source of constant amazement at the stock’s stratospheric price I offer you one more theory – and a reason to buy Tesla stock – based on the observation of luxury items such as watches and handbags, which sell at extremely high prices, far in excess of their utility value. Normally, a share of stock is bought because of the belief – or at least the hope – that it will rise in price or that it will yield an attractive
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