Tesla Stock Is Overvalued by $1 Trillion, Analyst Says. We Looked at the Math.

 Tesla Stock Is Overvalued by $1 Trillion, Analyst Says. We Looked at the Math.

Tesla‘s market capitalization recently moved well past $1 trillion, but the independent investment-research firm New Constructs believes the company is overvalued by roughly $1 trillion of that. The firm’s CEO, David Trainer, says Tesla shares could fall as much as 88%, to roughly $150 a share.

His argument, which isn’t the first extreme bear or bull case Tesla (ticker: TSLA) investors have had to weigh, is mainly based on math.

Tesla…

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