Is Tesla Blackberry Of EV Industry? Why Analyst Sees Its Valuation At Risk of Collapse

Benzinga2023-06-01

ZINGER KEY POINTSTesla has doubled discounts on some Model 3 as well as on some Model Y and other cars, GLJ's Gordon Johnson notes.The analyst sees competition and economic uncertainties hurting Tesla...

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Comments

AlanTLK
2023-06-01
AlanTLK
The clown is back😂🤦🏻‍♂️
SPACE ROCKET
2023-06-01
SPACE ROCKET
Utter rubbish
xAsthenia
2023-06-01
xAsthenia
Gordon "Class Clown" Johnson

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Why Analyst Sees Its Valuation At Risk of Collapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-01 20:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-ratings/analyst-color/23/06/32667734/is-tesla-blackberry-of-ev-industry-why-analyst-sees-its-valuation-at-risk-of-collap><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSTesla has doubled discounts on some Model 3 as well as on some Model Y and other cars, GLJ's Gordon Johnson notes.The analyst sees competition and economic uncertainties hurting Tesla...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/23/06/32667734/is-tesla-blackberry-of-ev-industry-why-analyst-sees-its-valuation-at-risk-of-collap\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/23/06/32667734/is-tesla-blackberry-of-ev-industry-why-analyst-sees-its-valuation-at-risk-of-collap","article_id":"1134240764","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1134240764","pubTimestamp":1685624378,"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"ZINGER KEY POINTSTesla has doubled discounts on some Model 3 as well as on some Model Y and other ca","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"特斯拉是电动汽车行业的黑莓吗？为什么分析师认为其估值面临崩溃的风险","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9},"content_text":"ZINGER KEY POINTSTesla has doubled discounts on some Model 3 as well as on some Model Y and other cars, GLJ's Gordon Johnson notes.The analyst sees competition and economic uncertainties hurting Tesla.He expects the stock to resume its downward trend lower toward his $24.33 price target by the end of the year.Tesla, Inc. stock has seen some upward momentum since mid-Mayand the buoyancy has lifted it above the $200 threshold. An analyst, however, warned that this could be a false start and the stock's fate is doomed.Struggling Car Maker? Tesla is the “Blackberry of the EV industry” and its valuation could implode as competition intensifies and it becomes clear to investors that it is a struggling car company, said GLJ Research analyst Gordon Johnson, repeating his thesis on the stock.Blackberry, though was the pioneer of smartphones, went out of business as it failed to adapt to changing consumer preferences and competitors flooded the industry.Johnson has a Sell rating on the stock and a $24.33 price target.To support his argument, Johnson noted a Reuters report that said Tesla has doubled discounts on some Model 3 as well as on some Model Y and other cars held in inventory in the U.S.  The promotional measure could have been precipitated by waning demand amid economic uncertainties, rising competition and the upcoming Model 3 refresh, he said.Stock Ignores Bad News:  The recent stock surge has come despite a spate of bad news in the past, including a lackluster Investor Day, inventory issues in the U.S./EU, moderating sales in China, concerning lead times and new price cuts, Johnson noted.Tesla's stock strength, according to the analyst, is due to the $233.024 billion in liquidity the Treasury injected into the equity markets in May alone. The liquidity injection in the 30 days is equal to 25 years of Fed's balance sheet expansion, achieved through the working down of the Treasury General Account balance, and to a lesser extent AI euphoria, he added.Johnson expects Treasury Secretary Janet Yellen to withdraw $600 billion to $900 billion from equity markets, now that the budget bill is on the cusp of being enacted.\"We believe TSLA's fundamentals may, shortly, come back into focus. And, as they do, with numerous problems mounting for the company, we expect the stock to resume its downward trend lower toward our PT by year-end,\" he said.Tesla ended Wednesday's session down 1.38% to $203.93.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":182756981923856,"gmtCreate":1685627704981,"gmtModify":1685627733648,"author":{"id":"4090374759889920","authorId":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"idStr":"4090374759889920","authorIdStr":"4090374759889920"},"htmlText":"The clown is back😂🤦🏻‍♂️","listText":"The clown is back😂🤦🏻‍♂️","text":"The clown is back😂🤦🏻‍♂️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182756981923856","repostId":1134240764,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182754892976224,"gmtCreate":1685626969163,"gmtModify":1685627694648,"author":{"id":"4093561479903300","authorId":"4093561479903300","name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"4093561479903300","authorIdStr":"4093561479903300"},"htmlText":"Utter rubbish","listText":"Utter rubbish","text":"Utter rubbish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182754892976224","repostId":1134240764,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182750376329320,"gmtCreate":1685625869234,"gmtModify":1685625981124,"author":{"id":"3577362241115891","authorId":"3577362241115891","name":"xAsthenia","avatar":"https://community-static.tradeup.com/news/7cc2f520767b22063231e2c139e173cf","vip":1,"hat":"https://static.tigerbbs.com/306aa047bc14b6942cda1aed925cf8c3","crmLevel":7,"crmLevelSwitch":0,"idStr":"3577362241115891","authorIdStr":"3577362241115891"},"htmlText":"Gordon \"Class Clown\" Johnson","listText":"Gordon \"Class Clown\" Johnson","text":"Gordon \"Class Clown\" Johnson","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182750376329320","repostId":1134240764,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":16,"commentSize":3,"repostSize":3,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1134240764"}