Elon Musk's Tesla Stock Overvalued By 1,000% — Market Price 'Disconnected From Reality,' Says Analyst
Portfolio Pulse from Benzinga Neuro
David Trainer, CEO of New Constructs, suggests that Tesla Inc. (NASDAQ:TSLA) is overvalued by more than 1,000%, citing the company's lackluster production figures and shrinking gross profit margin. However, Dan Ives, CEO of Wedbush, remains bullish on Tesla, comparing its position to Apple's in the late 2000s.
July 22, 2023 | 12:01 pm
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Tesla's stock is suggested to be overvalued by more than 1,000% according to David Trainer, CEO of New Constructs. However, Dan Ives, CEO of Wedbush, remains bullish on the company.
The news of Tesla being overvalued by 1,000% according to David Trainer could negatively impact the stock in the short term as it may cause investors to reassess their positions. However, the contrasting bullish view from Dan Ives could mitigate this impact to some extent.
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