) stock momentum seems to have stalled Friday morning after shareholders voted to approve CEO Elon Musk's pay packages — valued at nearly $46 billion — at the company's annual shareholder meeting on Thursday.However, not everyone shares this enthusiasm around Tesla and Elon Musk. Clean Energy Transition CEO and Portfolio Manager Per Lekander — a long-time Tesla short-seller — joins The Morning Brief to explain his $15 price target, likening Tesla to"the next Enron.
Per Leander, who is the clean energy transition CEO and portfolio manager here with more per great to have you on the programme with us first and foremost here, How much slippage do you think we could see?Well, in my in my view, Tesla is the biggest, um, stock market bubble in world history.You know, uh, the models are aged.So my price target is $15.
And I would say yes and no, Let's not forget, uh, that the stock is down 60% from all time high at the same time as the market has gone up Uh, 20 25%.I, uh what will need to to happen here is, of course, that the retail crowd needs to to give up, because that is what's holding up this stock in evaluation makes absolutely no sense, you know?
So, uh, deliveries are not going to be great, but they're going to be OK, but earnings 25th of July is going to be absolutely terrible.And, uh, if it's lost making one quarter and then it's lost making in Q three, I can guarantee you this is double digits and then I. I think many fan boys will run for the hills.
Now you are clearly saying that there is a reason to bet against musk, but it seems like there are a lot of at least shareholders right now, regardless of whether or not retail is the single proponent that's holding up the stock, uh, that you believe there's reason that you should bet against musk A.
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