With Tesla shares surging 66 percent in the last year, one trader thinks the electric automaker is "five times overvalued."
"I think the company is worth $5 or $10 billion, not $35 billion," Vilas Capital's John Thompson said on CNBC's "Closing Bell."
"It's such a big market cap that I don't see how they could in any reasonable time frame live up to that valuation."
To put it in perspective, Tesla's market cap is bigger than John Deere, which has $35 billion in revenue compared with Tesla's $2 billion to $3 billion over the past 12 months, he pointed out. It is also more than twice that of Fiat, which owns Chrysler, Maserati, Fiat and Ferrari.