Is Tesla over?

Tesla shares should be cheaper by half. This is the conclusion reached by financial analyst, investor and marketing professor at Stern Business School at the University of New York Scott Galloway. In his opinion, Tesla may lose half of its value in 2019.


As a reason, the professor called the overvalued company, weak leadership and heightened emotionality of Tesla founder Elon Musk.
“And I think that someone will buy the company,” the analyst added. “The company still has real brand value.”
Shares of the company lend a downtrend and since yesterday lost 4.4%.
Now Tesla is going through hard times. In the summer of last year, the company's shares reached $350, but in the meantime it has dropped below $200. This happened under the influence of several factors: the reduction in the supply of cars, cost increases, unprofitability and technical problems, such as spontaneous combustion of cars.
In May, the investment company Wedbush Securities lowered the Tesla target price for the second time this month. And the experts at Morgan Stanley admitted at all that stocks in the worst case scenario could fall to $ 10.
The latest blow to Tesla today was the Consumer Reports. It says that the updated autopilot system on Tesla machines, designed to help the driver, can make dangerous decisions contrary to the rules of the road.

The information above cannot be considered as an investment advice and past results do not indicate future performance.
**Investors should have experience and understand the risks of losing all the initial investment.
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