In a recent interview, billionaire hedge fund manager Christer Gardell expressed grave concerns regarding Tesla's stock valuation, suggesting it could plummet by 95% due to the chaotic influence of CEO Elon Musk. Gardell criticized the market's speculative nature, calling Tesla a poster child for inflated valuations. He emphasized that Tesla should be viewed as a car company rather than a tech conglomerate. Gardell acknowledged the difficulty of predicting when such a crash might occur, attributing it to excessive speculation in the stock market without regard for underlying value.
"Tesla, especially now with the whole Musk circus going on everywhere, is probably the most expensive stock on the global stock exchanges right now. It could go down 95% - and maybe it should go down 95%," he said in the interview.
"I have commented that it should have burst over the past five years, but it still hasn't. The valuation is incomprehensible," he explained.
"It's always hard to say when. It could happen in a month, six months, a year, three years, or five years - it's impossible to answer.
"The EV maker has become a poster child of sorts of a market that has become speculative, where share prices do not reflect true valuations anymore."
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