The Tesla bubble is about to burst, and this could mean the car brand's bankruptcy, warns equity analyst Per Lekander in an interview with CNBC.
Tesla's stock may not be done falling at all. In any case, stock analyst Per Lekander predicts that the value is heading towards the 14 dollar mark, i.e. from the current level of around 171 dollar.
The analyst tells this in an interview with CNBC . More or less the same case Per Lekender, who is Swedish, but for the Norwegian Finansavisen in 2021.
Per Lekander himself has shorted the Tesla share since 2020, i.e. betting on making money in the event of a fall in shares. And even though things have gone badly for people in the same situation, Per Lekander holds on.
– This is really the beginning of the end for the Tesla bubble, which is possibly the biggest stock market bubble in modern history.
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In fact, the analyst predicts that the Tesla share will fall by as much as 92 percent, because the American car brand must turn things around.
Conversely, despite the outcome, the Tesla share has increased by 465 percent. Not all analysts are equally gloomy about the fate of the Tesla share.
However, this must be seen in relation to a drop of 33 percent in the first three months of 2024 alone. And that only makes Lekander more convinced.
– If it (the stock, ed.) falls below a certain level because of everything that has happened, Tesla will go bankrupt.
– I don't see any reason to expect a recovery in the course of the next two years, since these models are outdated and since the economy is not on the way up.
However, Tesla is far from being the most distressed car brand at the moment. Fisker Inc., headed by Danish Henrik Fisker, is doing so poorly that the Stock Exchange in New York has suspended trading in the stock.
At about the same time as that announcement, Henrik Fisker himself was able to say that the entire production, which is rented out in Austria, has been put on pause for six weeks.
An investment of around 150 million dollars, which Fisker was offered, has also fallen to the ground. This is happening because 'a major car brand' has jumped out of the negotiation with Henrik Fisker in particular. Read more about it here .
Read more exciting news from and about the world of cars right here!
