Tesla Stock Crashes to Lowest Levels, Unseen Since Obama Presidency

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By CCN: This week Tesla stock crashed to its lowest levels since Obama was president. The electric car maker suffers from political uncertainty regarding the electric car maker’s prospects in China, as well as questions over Tesla’s ability to deliver on its premium stock valuation. A Tesla analyst at Evercore ISI says: “The only thing that can justify such valuations is supernatural growth and best in class execution. Both are in question right now.” Low Q1 earnings, low solar cell sales, unflattering publicity about random incidents with Tesla cars have added to Tesla’s woes. In response the company is continuing…
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Tesla Stock Crashes to Lowest Levels, Unseen Since Obama Presidency

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