Tesla stock is not well and it is now going down, resource supervisor says

The shares of the US electric vehicle producer Tesla will acknowledge being fall as interest expenses are moving up after the Covid crisis. This information is uncovered by Lansdowne Partners financial chief Per Lekander.

He uncovered to CNBC that he thinks the association is in an air pocket. He took a short position on Elon Musk’s firm. This means that he will be on profit if the value of Tesla’s stock drops.

The value of the Tesla market worth over to more than $800 billion in the year leading up to January. As going before sliding back to under $600 billion in February. Now it stays at around $679 billion.

Tesla stock is not well
Source: Tesla

“My take is that this year is going to be the comeback for the incumbents”. It is said by Lekander, adding that German carmaker Volkswagen is the company that he’s particularly bullish on. VW is currently valued at €119 billion ($141 billion).

“There are a few golden nuggets, which I think are going to be long-term winners,” Lekander added. “For the present, my guess in case I’m immediate on the full-scale call that advance costs go up and the market blends. [the reality that] The officeholders are not as truly organized as they may speculate, by then doubtlessly, I think Tesla company is going down.”

Lekander sayings about Tesla

Lekander moreover also compares with the dot-com boom in 1999, saying: “If you think about the visionaries who talked about the internet in 1999, if you now listen to them, they are underestimating what happened. The development was even more radical than what happened.”

He observed that Cisco has a significantly higher market today than it had in 2000. “It didn’t keep it away from going down 80% first.” The equivalent in Europe was in all Nokia, according to Lekander. As the connection additionally went down 80%. “I envision that is what we will see here in this tech spec hype space,” he said.

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