Buzz Kill: Analyst Calls Out ‘Hype’-Traded Tesla

By | August 19, 2015

Scalper1 News

Morgan Stanley on Monday hiked its price target on Tesla Motors (TSLA) shares by 66% on the expectation that the electric-car maker will dominate the autonomous driving market. But investment research website Cup & Handle Macro is saying today that if you’re long Tesla, “now is the time to exit.” Cup & Handle’s managing editor, Michael Lingenheld, says Tesla’s stock “trades on hype,” adding that the company is “unprofitable, and constantly fails Scalper1 News

Scalper1 News