One of the most notorious electric vehicle companies might be nearing the end of the road. In a recent stock forecast, a Tesla analyst reported that if the company doesn’t fix it’s numbers…
Their entire valuation will come crashing down, potentially losing the company millions.
Tesla’s Recent Stock Forecast
Per Lekander, a short-seller who has been following Tesla’s earnings since 2020…
Warns fans and investors that the company’s stock is being wildly overpriced and that with one wrong move…
This stock bubble could burst.
In his Tesla stock forecast, Lekander predicted that due to the carmaker’s performance insofar this year…
COMPANY EARNINGS COULD FALL AS FAR AS 50%
The harsh prediction isn’t without blame, however. There are so many factors that have caused industry specialists to be weary of Tesla regarding its stock forecasts.
For starters, the company is losing billions of dollars due to competition from other electric vehicle manufacturers. At one point, the company’s biggest concern was Chinese EVs and their influence on American markets…
But now, it seems every manufacturer, at home and abroad, is getting in on the EV game. The market has been inundated with rechargeable vehicles… but demand for EVs has actually slowed.
On top of that, Tesla has been feeling the heat from several lawsuits and calls for boycotts. These lawsuits range from the safety of their vehicles to the monopolization of their repair systems. Most notably, the company has received the most pressure from their self-driving systems…
AND HOW IT’S BEEN RESPONSIBLE FOR SEVERAL LETHAL CRASHES.
Not to mention, American markets are exhausted by EVs. To put it simply… they’re just not as interested in electric vehicles as they are in gas-powered or even hybrid vehicles.
So what does this mean for the rest of Tesla’s stock forecast?
The Road Ahead…
In the rest of his Tesla Stock Forecast, Lekander evokes Tesla’s last earnings call…
Where the company performed way below expectations.
Now, the short-seller comes with a warning for the carmaker…
If Tesla were to report losses two quarters in a row, the company’s profits would suffer and they would see losses in the double digits.
In fact, in his forecast, Lekander predicts that Tesla stock could fall…
AS MUCH AS 91% RESULTING IN A STOCK PRICE OF $15
As of now, the company still has until July 17th to get its act together before it reports its Q2 earnings…
But until then, Tesla might need a miracle before it shares their stats.
Be Great,
GCTV Staff
Disclaimer: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.
