Shares of Tesla (TSLA 3.40%) dropped more than 16% one day after the company announced earnings. Motley Fool analyst David Hanson is a little surprised by the market's reaction; after all, the carmaker reported some pretty good numbers, including delivering over 5,000 cars. Then again, David knows that an investment in Tesla is an investment in the company's future, and that future still looks good. CEO Elon Musk has stated that he thinks his company is currently overvalued, and David admits that some of the company's multiples are a bit high; but he thinks that the potential of the company to change the way we drive is undeniable, which is why it's a good play for the long run.
Investing in Tesla's Future
By Mark Reeth and David Hanson – Nov 6, 2013 at 4:09PM
NASDAQ: TSLA
Tesla
Market Cap
$1.4T
Today's Change
(-3.40%) $15.26
Current Price
$433.72
Price as of October 24, 2025 at 4:00 PM ET
Shares of Tesla are down big a day after the company’s earnings announcement -- is now the time to get in?
About the Author
Mark Reeth wasn't born incredibly handsome, like so many are--he had to work hard to get to where he is today. Thankfully, through much blood, sweat, and hair products, Mark Reeth is now one incredibly good-looking Consumer Goods Editor. But Mark Reeth wasn't born a Consumer Goods Editor--he started as a writer for Fool.com, became a Blog Editor, and now loves reading all the latest Consumer Goods news. If you want to read all the latest Consumer Goods news, follow him on Twitter @ChristmasReeth.