Tesla shares are in freefall — here's what experts are saying about the stock

Cnbc

Tesla shares are in freefall — here's what experts are saying about the stock"


Play all audios:

Loading...

Tesla shares plunged by double digits on Friday for its worst session since November 2013 after the SEC sued CEO Elon Musk for fraud. Here's what five experts had to say about the stock


and the controversial CEO: * "I don't think it's a long, I think it's a difficult short," noted short seller Andrew Left of Citron Research said. "I'm


surprised that shareholders are shocked that he's getting charged, of course he was going to get charged by the SEC," he added. * "I'd say [there's a] greater than


50 percent [chance], that [Musk] gets removed. But I also want to stress that that is in my book, actually, a positive outcome as crazy as that is. I think his role is best as a product


visionary," Loup Ventures founder Gene Munster explained. * Gabe Hoffman, owner and general partner of Accipter Capital Management thinks the moment Musk is out as CEO of Tesla, it is


"no longer a cult stock of Elon Musk's hopes, dreams and lies. You have to actually value Tesla as a business..[and] I believe the financials show you that Tesla is a very troubled


business on the precipice of financial collapse." * "Certainly in the short-term, the stock is going to take a hit," said Rebecca Lindland, executive analyst at Kelley Blue


Book. "But it may not be as low as people expect as people come in and buy, and it could be that in the long-term the company is fine." * "Either way you cut it, the valuation


is absurd, and the stock has been going up primarily because of Mr. Musk's brand and vision," stated Needham analyst Rajvindra Gill. Bottom line: Wall Street analysts expect a


bump road for Tesla as the fate of its CEO and founder hang in the balance.


Trending News

Alternate replication in b cells and epithelial cells switches tropism of epstein–barr virus

ABSTRACT Epstein–Barr virus is ubiquitous and is causally implicated in lymphoid and epithelial malignancies. Virus inva...

Is china set to launch its world-first digital currency this autumn?

China’s desire to launch the world’s first government-backed digital currency could see the possible rival to Facebook’s...

READERS RECOMMEND - Los Angeles Times

We found a delightful oasis in Pretoria called the Alpine Attitude. This boutique hotel is modern in decor, friendly, he...

Tree pose demo, beginner yoga for 50+

Memorial Day Sale! Join AARP for just $11 per year with a 5-year membership Join now and get a FREE gift. Expires 6/4  G...

The remarkable story behind david bowie’s most iconic feature

“At the centre of it all, your eyes, your eyes …” Many aspects of the life and incredible achievements of David Bowie wi...

Latests News

Tesla shares are in freefall — here's what experts are saying about the stock

Tesla shares plunged by double digits on Friday for its worst session since November 2013 after the SEC sued CEO Elon Mu...

Platelets in pediatric and neonatal sepsis: novel mediators of the inflammatory cascade

ABSTRACT Sepsis, a dysregulated host response to infection, has been difficult to accurately define in children. Despite...

Establishment of a chinese critical care database from electronic healthcare records in a tertiary care medical center

ABSTRACT The medical specialty of critical care, or intensive care, provides emergency medical care to patients sufferin...

404

404 – Sorry, page not foundPerhaps this page has been moved or the URL has been mistyped Use the link below to return to...

Wga east & editors guild win joint campaign to organize workers at documentary powerhouse story syndicate

The WGA East and the Editors Guild, IATSE Local 700, have won a major victory in their joint effort to unionize producer...

Top