Why Asset Manager Canaccord Says Tesla Stock Will Explode by 40% in 2019

2019-2-12 20:15

Despite a wider recovery in the US stock market, Tesla’s new year got off to a rocky start. The company’s stock plummeted, particularly after RBC Capital gave the electric vehicle maker’s shares a dreaded “sell” rating.

Striking at the core of the matter, RBC Capital analyst Joseph Spak said: “It’s not that we don’t believe Tesla can grow over time, our model shows solid LT growth. But the current valuation already considers overly lofty expectations. ” The analyst also credited Tesla for providing investors clarity on its production plans, but he said this move puts pressure on growth expectations, which makes it difficult

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tesla stock growth capital analyst said rbc

Источник: ccn.com

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