Tesla Stock At Risk Of Going Bust

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Tesla Stock At Risk Of Going Bust

Tesla Stock At Risk Of Going Bust, According To Hedge Fund Manager

Some analysts believe that Tesla (TSLA) is still the king of the EV market. According to them, the downturn in Tesla (TSLA) is mostly due to the headwinds faced by the entire industry.

However, there are some who believe that the Tesla (TSLA) stock is in a bubble. Recently, a famous hedge fund manager came forward with a forecast that Tesla (TSLA) could burst out of its bubble.

Per Lekander is a famous hedge fund manager who claims to have been shorting Per Lekande's stock since 2020. According to him, the year 2020 was when the Tesla (TSLA) bubble originally started, and now the time has come for it to end.

Tesla Stock To Touch $14 Price Level

He added that the Tesla (TSLA) stock is a prime example of how various stocks are nothing but bubbles, waiting for someone to pop them. In regards to Tesla (TSLA), he added that this is one of the biggest bubbles in the modern history of the stock market.

He even went as far as to say that the Tesla (TSLA) is at risk of going bust! While we try to look at Lakender's forecast, it is also important to note that his views are not exactly neutral. After all, he has been shorting Tesla stock for quite some time now.

If we look back, Mr. Lekander has been saying the same thing for the last few years. Back in the year 2021, he made similar comments when the Tesla shares were trading near $233. Today, Tesla's (TSLA) stock is already trading above the $400 level.

According to Mr. Lekander's forecast, the Tesla (TSLA) stock will undergo a steep decline and touch the price of $14/share. Additionally, he added that the EPS (yearly) of the Tesla (TSLA) will be around $1.40.

As for why Tesla (TSLA) will go down, he added that the biggest problem for the company is not disruptions of the supply chain but is related to demand.

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