Tesla's Meteoric Rise: Why $1K a Share Isn't So Crazy

Tesla Defies the OddsTesla ((TSLA) CEO Elon Musk and his team have been doubted and bet against since the start for what seemed like good reason. Successful startups are rare in general, but in the US auto market, with legacy competitors like General Motors ((GM) and Ford ((F) they are unheard of – especially when they are an unprofitable electric vehicle (EV) start-up going public in the wake of the worst global financial crisis in decades. However, in proper Musk form, Tesla found a means to rewrite the s ...