Bank of America believes Tesla (TSLA) is about to collapse. Bank of America is predicting a massive Tesla collapse
Very quickly, it would be wise to pay attention to this analysis. As I have suggested before, Tesla is highly speculative, massively overvalued and their is no guarantee that the company will succeed in their overall mission. The competition from big automakers is catching up fast. The technicals support B of A assessment and high flyers such as TSLA tend to perform poorly in bear markets. An exact environment we anticipate.
Also, Germany’s Berenberg Bank German Bank Predicts Apple Stock Tumbles Over 50% As Shares Roundtrip To $60
Let’s use a different kind of financial analysis for Apple (AAPL). Let me tell you a short story first. In December of 2002, Apple’s valuation stood at $15 Billion. It is at $750 Billion today. Here is the point I am trying to make. If I would have told investors 12 years ago that Apple would be selling at 50X most recent price, I would have been laughed out of the building. By most investors. Reverse the situation today and you might have your answer. Plus, remember one simple truth when it comes to investing. Everyone loves a certain stock only until no one does.
Is Apple (AAPL) and Tesla (TSLA) About To Crash? Some Big Players Think So Google