Here's Why Tesla Stock Deserves a Premium Valuation

By Parkev Tatevosian, CFA – May 1, 2024 at 5:00AM

NASDAQ: TSLA

Tesla

Market Cap

$558B

Today's Change

(0.49%) $0.85

Current Price

$174.84

Price as of May 16, 2024, 4:00 p.m. ET

Tesla has more advanced tech than most other car companies.

Fool.com contributor Parkev Tatevosian elaborates on the factors influencing Tesla's (TSLA 0.49%) stock price selling at premium valuations.

*Stock prices used were the afternoon prices of April 28, 2024. The video was published on April 30, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.