Is Tesla’s Valuation Justified?

It’s been quite the year for Tesla  (TSLA) - Get Tesla Inc Report as the company continued transitioning from Wall Street zero to hero, with its stock surging more than 700% year over year. But should Tesla be trading at 21 times its trailing-twelve-month (TTM) revenue?

More: Best Stocks of the Year: Tesla Is Number 1

Joining TheStreet for an interview with Jim Cramer, Tesla Daily’s Rob Maurer said the valuation is more than justified. “There is a reason that the market is paying that premium to Tesla…Tesla is positioning themselves to address the largest total-addressable market that we’ve ever seen a business go after," Maurer said. 

Watch the full conversation: Tesla 2021: What Jim Cramer and Tesla Daily's Rob Maurer Are Watching