“It’s a little pricey for me to jump back in,” he said, speaking by phone from his Model S. “Right now, I think we’re in a hold.”<br />Tesla’s high-profile chief executive, Elon Musk, has said the company expects to begin production this summer on its first mass-market offering, the Model 3, ramping up to 5,000 cars a month by the end of the year<br />and driving output to several hundred thousand cars over the course of 2018.<br />People are looking at the potential, and the old-fashioned analysis of fundamentals aren’t seen as important.”<br />Another question overshadowed by Tesla’s stock surge is whether the company can make the big leap to making, shipping, selling and servicing a half a million cars a year — a fivefold increase in production of cars<br />that are made out of thousands of parts and components.<br />Along the way, the market value of Tesla, which sold fewer than 80,000 cars last year and does not yet generate steady profits, has grown to $50 billion — roughly equal to<br />that of General Motors, which sold more than 9.8 million vehicles worldwide and earned $9.4 billion.<br />He is such a fan, in fact, that he has put down deposits to buy two Model 3 compacts once Tesla starts making the car later this year.<br />Tesla’s Market Surge Has Even Fans Looking for Feet of Clay -<br />By NEAL E. BOUDETTEAPRIL 11, 2017<br />In the past four weeks, exuberant investors have driven up the share price of Tesla, putting<br />the upstart in the league of car companies that have been in the business for a century.<br />“I think there’s too much enthusiasm in the market like with any growth company,” Mr. Cordaro said.
