The expected IPO valuation (based on today's sale announcement), will make Tesla's value look even more absurd. The valuation was lower than generally expected.
And the availability of other ways to play autos/EV's via new IPO-driven public float of Chrysler will reduce the relative demand for Tesla shares.
If there are more apples (different types included) on the market, this tends to reduce the price of all apples - Warren Buffett (July, 2013).
Further, Tesla's anticipated secondary will exacerbate this.
All this suggests, including tax motivated selling having been pushed out of 2013 to 2014, will reduce Tesla's price in the first days and weeks of 2014, perhaps by $15-$20 dollars per share. Post secondary, I expect a price of $100-$110.
So Chrysler, the number 3 USA automaker is currently worth less than $9B and is profitable, while Tesla is worth more than double at $18.5B and loses money. The irrationality ends in 2014 with mutual funds unwinding 30M covered calls over the last few weeks for tax gain selling starting tomorrow morning. Easy 5 point drop by mid-day as the 20 day/50 day SMA crossover point at $145 attracts the pps like a magnet to test support.