From John Isaacson: How would you value a company that lost $666.6 million in the first half of 2017 … burns $2.0 billion in cash a year … and just sold $1.5 billion in junk bonds to fund operations?
If you’re the stock market, you’d give that company — Tesla (TSLA) — a pass. Year-to-date, the shares are up by more than 70%. Talk about a disconnect!