"Tesla's Potential Bankruptcy Looms as Sales Drop and Stock Price Tumbles"
TL;DR Summary
Hedge fund manager Per Lekander, who has been shorting Tesla's stock since 2020, predicts that the company could "go bust" following worse-than-expected first-quarter earnings and a 20 percent drop in deliveries. Lekander attributes this to a "demand problem" and believes that Tesla's stock could fall by 91 percent. Other analysts, including longtime Tesla bull Dan Ives, have also expressed concerns about the company's future, citing increased competition and slowing demand for electric vehicles.
- Investor Predicts Tesla Could "Go Bust" Futurism
- Noted Tesla bear says Musk's EV maker could 'go bust' and stock is worth $14 CNBC
- Tesla's Sales Drop, a Sign That Its Grip on the E.V. Market Is Slipping The New York Times
- Tesla stock tumbles almost 5% after big Q1 delivery miss Yahoo Finance
- Tesla Stock Price Could Crash 91%, 'Go Bust' Amid Issues: Longtime Bear Markets Insider
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