Yahoo finance: Tesla is a 'prime' candidate to see its stock plummet after it enters S&P 500, analyst says
Daniel Howley·Technology EditorTue, December 15, 2020, 4:18 PM EST·4 min read Tesla (TSLA) has been one of the hottest stocks of 2020, with share prices skyrocketing 582% just this year. But at least one analyst says the electric vehicle company’s price is too high, contending it should be worth between $60 to $80 rather than more than $600 a share. Gordon Johnson, founder and CEO of GLJ Research, told Yahoo Finance Live on Monday that Tesla’s lofty valuation will soon come crashing down, with a number of factors weighing on the company’s stock price. Those include Tesla’s upcomin...
Source: mrtopstep.com