Christer Gardell, a prominent Swedish billionaire and hedge fund manager, critically assessed Tesla's stock value during a recent interview. He expressed concerns that the company's current valuation, amplified by CEO Elon Musk's controversial public persona, could plummet by as much as 95%. Gardell views Tesla primarily as a car manufacturer and questions the justification behind such high market valuations. He pointed out that the stock embodies an ongoing speculative bubble that should have burst years ago, yet persists amid significant market speculation, making its fate unpredictable.
"Tesla, especially now with the whole Musk circus going on everywhere, is probably the most expensive stock on the global stock exchanges right now. It could go down 95% - and maybe it should go down 95%," he said in the interview.
"I have commented that it should have burst over the past five years, but it still hasn't. The valuation is incomprehensible," he explained.
"It's always hard to say when. It could happen in a month, six months, a year, three years, or five years - it's impossible to answer. Because there's so much money dominating the stock market now, and they don't care about the value of the shares, they speculate on price movements."
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