Even As Stocks Hit Record Highs, Tesla Shares May Get Thrashed

With the VIX falling to a 24-year low and stocks reaching record highs, Tesla (TSLA) shares may be headed for a downturn.

At the National Governors Association Summer Meeting in Rhode Island on Saturday, Tesla CEO Elon Musk pointed out that shares of Tesla are trading "higher than we have any right to deserve."

More From TheStreet:

There's Demand for Tesla's Services Network, Jim Cramer Says
Tesla CEO Elon Musk Is a Modern Day Michaelangelo, Shark Tank Star Kevin O'Leary Says
Tesla Is a Great Product but Not a Great Stock, Says Shark Tank Star Kevin O'Leary

If you liked this article you might like

Commentary: Moving the dirt is the easy part of the audacious proposal.

Tom Bemis

Jul 22, 2017 5:50 PM EDT

The inventory of unsold Bolts in the U.S. has swollen to an unacceptable level.

Doron Levin

Jul 22, 2017 4:12 PM EDT

The station wagon is cool again.

Jason Notte

Jul 22, 2017 11:47 AM EDT

Tesla has a lot going going against it.

Chris Nolter

Jul 22, 2017 9:07 AM EDT

Even As Stocks Hit Record Highs, Tesla Shares May Get Thrashed

If you liked this article you might like

Trending

Advertising Partners

If you liked this article you might like

Elon Musk Will be Retired on Mars Before NYC-D.C. Hyperloop Is Built

GM's Chevy Bolt Is a Damn Good Car That America Is Oddly Not Buying

10 New Station Wagons That Are Way Cooler Than Your $70,000 Crossover SUV

Why Tesla Should Terrify Investors

Trending