He called Tesla's stock crash. Now he thinks it'll fall even more.
"As a traditional investor, it doesn't fit any valuation system that makes any sense compared to any other stock," Ross Gerber said of Tesla.
Why Tesla Stock Is Jumping Today
Tesla stock is gaining ground on the heels of two significant news items today. President Trump made a statement of support for the company and its CEO, Elon Musk, and Wedbush put out analysis suggesting that the negative sales impact from Musk's close relationship with the president could be relatively minimal.
Trump Shows Off His “Beautiful” Tesla In White House Driveway amid TSLA Stock Crash
Donald Trump has made his stance clear. He bought a Tesla (TSLA) and parked it right in the White House driveway. Sky News reports that the
Tesla’s Stock Still Isn’t Cheap
Shares of the electric-vehicle maker have rallied over the last couple of days, but the stock has been in a mostly downward spiral since hitting a record high in mid-December. Most of that damage has come since President Trump’s inauguration on Jan.
Why Tesla Stock Is in the Red Today
Shares of Tesla soared following President Donald Trump's election win, but have now plummeted at a really fast pace. Analysts at JPMorgan Chase lowered their price target on the stock. They believe Tesla CEO Elon Musk and his involvement with the government are having a negative effect on the company Shares of Tesla have done a complete 180 over the last five months.
Tesla Stock Drops. The Trump Bump Didn’t Last Long.
Tesla stock fell in early trading Thursday after having clawed back some of its prior losses earlier in the week. Whatever happens to close out the week, investors should expect more wild trading in the coming months.
Tesla’s stock may be bouncing, but this analyst explains why you should keep selling
One reason Tesla investors should sell into the stock’s recent bounce is because of all the “political noise” surrounding ...
Tesla Stock Plummets 50% Since December. Here’s How Investors Can Manage The Volatility
Multiple factors have converged to drive down the price of Tesla stock by 50% since December. Here's how investors can manage ...
Tesla stock plummets, but its sky-high valuation persists. Here’s why
Tesla shares dropped more than 15% on Monday, making it the worst performer in the S&P 500 Index. Tesla’s stock has dropped ...
Tesla stock rises after worst day in almost 5 years as Musk says US production will double
Tesla bounced back on Tuesday following its worst day in five years after one of Wall Street’s biggest bulls said it was time ...
Musk launches appeal to restore $56 billion Tesla payday
Elon Musk kicked off his appeal to try to restore his $56 billion payday from Tesla on Tuesday, claiming a lower court judge ...
Trump buys Tesla from Elon Musk, but there's 'bad news' for the president with the purchase
In front of the White House as he looked over the Tesla vehicles, President Trump said he would not be allowed to drive his new car.
Tesla stock is still a sell after its 40% plunge, UBS warns
UBS analyst Joseph Spak reiterated his twelve-month Sell rating on Tesla shares on Monday, voicing considerable concern on ...
Tesla Stock Falls After Rally. Price Can Soar to $800 or Drop to $200, Says Analyst.
The president felt the need to do something after Tesla stock dropped 15.4% on Monday. Falling first-quarter delivery ...