Brische arguments: negative example Tilray: Analyst expects deep fall in Tesla shares after S&P rise | message
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Analyst Gordon Johnson expects Tesla shares to plunge
Numerous Brish arguments
Reference to the fall in the price of Tilray shares
In an impressive record drive, Tesla shares have risen by almost 650 percent since the beginning of the year. Nonetheless, the stock exchange community remains deeply divided as to its opinion of Tesla and the dazzling company boss Elon Musk concerns.
Price slump expected
Gordon Johnson, founder and CEO of GLJ Research, is definitely a Tesla Bren. As he explained to “Yahoo Finance Live”, he thinks the electric car manufacturer is completely overrated. Instead of a price of over $ 600 a share, he thinks that $ 60 to $ 80 is more appropriate.
Johnson sees several factors that speak against Tesla and predicts the stock that it will soon fall massively. These include the inclusion of Tesla in the S&P 500 stock index, which is due on December 21. The analyst assumes that numerous investors who have invested in Tesla in anticipation of this event will then withdraw again.
“It’s seen before. I know it sounds crazy, but look at Tilray, look at SunEdison and Suntech, some of those stocks went from $ 5 to $ 300 and back to $ 5. They went from $ 2 to $ 300 and then went back to zero, “said Johnson. “Something like that happens, and we think Tesla is a prime candidate for this.”
That such a scenario for Tesla is not entirely out of thin air can also be seen from a tweet from Elon Musk in November. When asked by a user, the 49-year-old group boss admitted that the start-up phase of the Model 3 was a “cloak for production and logistics” and that Tesla was meanwhile only one month before bankruptcy.
Gordon Johnson also rates Musk’s plan to cease production for the Model S and Model X for 18 days from December 24th to January 10th negatively. He sees two possible reasons for this: a lack of demand or the cars may be converted or revamped to make them more attractive.
Loss of market share
The analyst also points out that the e-car pioneer is in an increasingly fierce competition. For example, Tesla’s market share in the important Chinese market has already halved to 12.5 percent, after 25 percent at the beginning of the year.
Whether Gordon Johnson is right or not with his gloomy prognosis, his statements at least clearly show that Tesla and its CEO, who only received the Axel Springer Award at the beginning of December for his innovative work, continue to polarize extremely.
Finanzen.net editorial team
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