Cheaper Alternatives To Tesla Hard To Find ETF Prices Reflect Accelerating Hopes

Investors are so optimistic about electric car maker Tesla Inc. that half the world would have to be driving one in a few years to justify the share price. Tesla shares closed the year at US$829, up more than ninefold from the US$86 level where they started 2020. At that level, Tesla’s stock is trading at more than 1,650 times trailing 12-month earnings, almost 30 times sales per share and nearly 50 times book value per share. The company’s market capitalization is US$790...