image credit: Dan Taylor / Heisenberg Media
AutoNation CEO Mike Jackson still isn’t hopping on the Tesla stock bandwagon a day after the company beat Wall Street expectations and reported a milestone fourth consecutive quarter of profitability.
“The stock price is insane. The valuation is insane,” Jackson said Thursday during CNBC’s “Squawk Box.”
Tesla co-founder and CEO Elon Musk has a “great brand” and “he’s got good products,” Jackson said. “But he has a business model that is still very dependent on the government.”
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