Could Tesla's Stock Plummet to $14 Per Share? Bearish Hedge Fund Manager Warns of 'Darker Days' After the EV Giant Misses Q1 Deliveries
  • 24 days ago
A hedge fund manager who has been shorting Tesla since 2020, said the EV maker could "go bust," and its stock could fall to $14 per share. Lekander's comments come after Tesla reported a big miss on vehicle deliveries in the first quarter. Lekander predicts Tesla's stock could plummet to $14 based on a projection of $1.40 earnings per share for the year, labeling it a "no growth" stock. At $14, Tesla's stock would be down over 90% from its current price. Tesla delivered over 386,000 vehicles in Q1, blaming supply issues, while analysts see a demand problem. Competition from China and a price war are also squeezing Tesla's margins.
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