Tesla could go bust, a hedge fund manager warns By Investing.com
Posted: Apr 03, 2024
- Hedge fund manager Per Lekander predicts that Tesla stock could go bust - Lekander believes Tesla is in a stock market bubble and could decline to $14 per share - Lekander points to Tesla's business model and demand issues as reasons for his bearish outlook - Tesla's first-quarter delivery numbers fell short of analyst expectations, causing the stock to decline - Tesla delivered 386,810 vehicles in the first quarter, below the estimated 449,080 - Model 3 and Model Y deliveries were at 369,783, a 10% year-over-year decline from analyst expectations
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