By CCN Markets: Tesla stock is wildly over-valued and should be cut in half, according to Robert Medd of Bucephalus Research. Despite falling 35 percent in 2019 already, Medd believes Tesla stock has much further to crash. According to an interview with CNBC, he said Elon Musk is to blame for misleading investors over demand and failing to pay bills. “ talks about selling lots of cars there are lots of pictures of car parks full of Tesla models. Well if demand’s so great, why are they there? … He hasn’t been paying his bills… There are issues
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* First published on ccn.com
