%0 Journal Article %A Bradford Cornell %A Aswath Damodaran %A Wendy Connett %T Practical Applications of Tesla: Anatomy of a Run-Up %D 2015 %R 10.3905/pa.2015.2.4.105 %J Practical Applications %P 1-4 %V 2 %N 4 %X Tesla: Anatomy of a Run-Up Bradford Cornell Aswath Damodaran In their award-winning research, Bradford Cornell and Aswath Damodaran show how the massive run up in TeslaMotors’ stock price was not supported by fundamental factors and that investor sentiment played a role. They implement a discounted cash flow valuation model to reach this conclusion. The model is outlined in detail in their article, Tesla: Anatomy of a Run-Up , in The Journal of Portfolio Management . It was named Outstanding Article in the 16th Annual Bernstein Fabozzi/Jacobs Levy Awards .In this report, Cornell and Damodaran discuss their fascination with how the markets work (or don’t work) and suggest a trading strategy for investors who believe Tesla is overvalued and have the stomach for high risk. %U https://pa.pm-research.com/content/iijpracapp/2/4/1.11.full.pdf