The μετοχές of Tesla may increase by 400% this year, but an investment researcher warns of risks.
Chief Executive Officer New Constructs, David Trainer, describes Tesla as the most dangerous asset in Wall Street and says that the foundations do not support such a high price and value.
«Any better scenario you want to think about what Tesla is going to do - if they are going to produce 30 million cars within the next 10 years, and enter the insurance business and have the same high limits as Toyota - even if you think it can be done, the stock price still means that earnings will be even bigger than that,Said the Trainer in "Trading NationOn CNBC on Thursday.
He notes that the share price indicates any market share from 40% to 110% based on the average selling price. At the current average selling price of $ 57.000 and assuming 10,9 million car sales by 2030, that means a 42% market share, says Trainer. Tesla trades with 159 times futures.
Trainer also said that the recent split in its shares could also prove dangerous for new investors entering the investment.
«Share apartments do not matter in value. They do not change the size, they just split it into several pieces. Honestly, I see stock splitting as a way to attract more unsuspecting, less sophisticated traders to just try to chase this capital and this is not a real strategy", Said the Trainer.
Tesla split its capital five-on-one on Aug. 31 - shares hit rise 12%. However, shares closed below 5% last week, after the largest foreign shareholder of the company Ballie Gifford reduced its share.
A more realistic estimate, says Trainer, would be much lower than current levels.
«I think about one in 10ο it is probably appropriate if you look at a reasonable level of profit," he said. «Tesla is not ranked in the top ten car buying or selling shares in Europe for electrically vehicles and this is due to the fact that the laws have changed in Europe, and motivated manufacturers to launch hybrids and electric vehicles. The same thing happens on USA. I realistically believe that we are talking about something closer to $ 50, not $ 500, as real value. "
Tesla has not yet responded to a request for comment.
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