-
Tesla could end up plunging as low as $14 a share, according to longtime bear Per Lekander, a longtime bear who’s been shorting the stock since 2020.
-
Lekander, who’s been shorting Tesla’s stock since 2020, calls it the biggest bubble “in modern history.”
-
The Elon Musk-led EV maker is facing demand issues and struggling with its business model, he said.
Tesla’s stock is in a bubble and has “no growth,” which puts it at risk of “going bust,” according to hedge funder and longtime bear Per Lekander.
Lekander, who told CNBC he’s shorted Tesla stock since 2020, cast a fresh warning for Elon Musk’s EV maker on Wednesday. The stock has already tumbled 34% so this year amid concerns over EV demand and Musk’s commitment to the company. Car deliveries also came in soft over the first quarter — adding insult to injury amid sentiment on Wall Street…
