Tesla should be valued at less than $100 a share, investor says

Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months.

"This is a company that has a cult following – people that believe that [Elon Musk] is changing the world – and that's the only reason this stock is trading at $260. There is no company that's better at overpromising and under-delivering than Tesla," said Mark Tepper, founder and president of Strategic Wealth Partners, on CNBC's"Trading Nation" on Tuesday.

Soon the short sellers will be using the 'end-of-days' as a reason why Tesla's stock prices should fall.

Some investor

“This is a company that has a cult following – people that believe that [Elon Musk] is changing the world – and that’s the only reason this stock is trading at $260,” said Mark Tepper on TradingNation yesterday.

🤨 ahhh no thanks I will keep my shares, Tesla is going to own the car market in the coming years, dirty combustion makers keep getting weaker by the day, Tesla keeps getting stronger by the day... hmmm wonder how that ends

Wrong. Tesla valuation is because of sales growth and elite talent. Tesla is a do anything company because they can recruit top talent. This is like saying amazon is an overvalued bookstore 15 years ago.

This is how it's done nowadays. A large put spread was put on a couple of days ago. And then you go on social media. TV to make your case. It's easy if you have money and clout.

agreed but I would give it the speculative value of 180 based on their futuristic endeavors undertaken by just this single company...

SOON everyone can make E car. Elon be dead. Start 2020

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