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

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

by Rss Feed from web
215 views
cryptocurrency news feed

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

The post Why Asset Manager Canaccord Says Tesla Stock Will Explode by 40% in 2019 appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment