Fundamentals Don’t Matter For Tesla Motors Inc (TSLA)?

tesla motorsDid the rapid run up in Tesla Motors Inc (NASDAQ:TSLA) come as a surprise to CEO Elon Musk? Apparently, yes.

Musk was on Sunday night’s episode of CBS’ 60 Minutes and revealed his initial expectations for the company, saying he “didn’t really think Tesla would be successful.” At one point, he said he even thought the automaker “would most likely fail,” but that the failure would “address the false perception that people have that an electric car had to be ugly and slow and boring like a golf cart.”

So far, there has been nothing boring about the stock, which is up 980% since its 2010 IPO.

But how long will that run last?

Related: Complete List Of ETFs That Hold “Tesla Motors (TSLA)

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