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 T...