StockNews.AI
TSLA
Benzinga
5 hrs

Tesla Stock 'Could Fall 90% Tomorrow,' Fund Manager Still Won't Buy — Here's Where He's Investing Instead

1. TSLA stock has fallen 8% year-to-date, raising concerns of overvaluation. 2. David Giroux warns that TSLA could fall 90%, citing extreme overvaluation. 3. TSLA's price-to-earnings ratio is approximately 200, much higher than peers. 4. Giroux actively avoids TSLA, emphasizing attractive alternatives in other stocks. 5. Giroux's funds have shown strong performance, suggesting credibility in his stock insights.

5m saved
Insight
Article

FAQ

Why Very Bearish?

The warning from a leading fund manager regarding TSLA’s overvaluation could lead to sell-offs, echoing sentiments seen during previous market corrections where expert opinions caused significant price drops.

How important is it?

The article discusses high-profile warnings about TSLA's valuation from a reputable fund manager, directly impacting investor sentiment and future price movements for TSLA.

Why Short Term?

Investor sentiment can shift rapidly based on expert commentary, especially in a volatile market like tech and EVs; examples include downward pressure on TSLA in response to negative earnings reports.

Related Companies

Related News