Why Selling Tesla Shares Makes Sense
From Seeking Alpha
Tesla Motors Inc., (TSLA) is about to launch the Model S sedan. The company has secured a number of advance orders for this electric vehicle and the stock price has been rising, fueled by the anticipation of a strong launch. However, some investors might be putting the cart before the horse, because while this might seem like a very exciting time to be a Tesla investor, it might not be for long. The situation reminds me of what happened with Facebook (FB) in more ways than one. Not long ago it seemed to be very exciting to be a Facebook investor, if you were “lucky” enough to get in during the IPO. In hindsight, it wasn”t a pot of gold, and part of the problem was that many investors who wanted to buy Facebook, bought shares just so they could unload in on someone else.