PT - JOURNAL ARTICLE AU - Bradford Cornell AU - Aswath Damodaran ED - Connett, Wendy TI - Practical Applications of Tesla: <em>Anatomy of a Run-Up</em> AID - 10.3905/pa.2015.2.4.105 DP - 2015 Apr 30 TA - Practical Applications PG - 1--4 VI - 2 IP - 4 4099 - https://pm-research.com/content/2/4/1.11.short 4100 - https://pm-research.com/content/2/4/1.11.full AB - 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.