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Tesla and Twitter's Run-Ups Could Be a Sign of Irrational Exuberance

Eric Jhonsa

Quite a few quality tech companies that have bounced since March still trade at pretty reasonable valuations. financials and growth profile would yield a strong IPO, its valuation (equal to 14 times this fiscal year's expected billings) following a strong debut and subsequent run-up leaves little room for error. Tesla is a good case in point.