Update: "Elon Musk Loses $1.5 Bil On Tesla, SolarCity (TSLA; SCTY)"
Original post:
Yesterday SolarCity reported revenues up 52% at $48.6 million versus analyst's estimates of $40.45 million.
Let's say SCTY can keep growing ~50% from that $195mm run rate to $300 million in 2014.
At the recent $49.03 down 17.8% the company has a market cap of $4.05 Billion giving you a price to sales ratio of 13.5 with no earnings in the foreseeable future.
Here's Investor's Business Daily with the rest of the story:
SolarCity Mounting Losses Weigh On Highflying Stock
