Tesla shares are unlikely to make a comeback over the medium term partly due to the price cuts the electric automaker announced late last year, according to tech investor Mark Hawtin. "I'm pretty bearish on Tesla," said Hawtin, investment director at Zurich-based GAM Investments. He added that shares would "definitely" not rise back to their $300 mark, pointing toward headwinds such as the sharp fall in the resale value of Tesla cars that had led to a rise in lease costs.
line However, more bullish analysts, such as Morgan Stanley's Adam Jonas, expect the stock to rise by 20% to $220. According to Jonas, the stock could jump on any new plans from the automaker for the "mass adoption of EVs at far lower price points" on its Mar. 1. Investor day.
CNBC delivers daily TSLA hit piece with a flourish. Why did short seller Jim Chanos, a market pro, and permabear cross the road?
Errrrr errr.....
Boycott Tesla
The same crowd had TSLA going to $50 when TSLA bottomed at $102.
Price cuts and muskism will doom share price