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Top related persons:
Lekander - 3 Tesla - 3 CNBC's - 2 — - 1 Per - 1 Mercedes - 1 Lekander's - 1 — CNBC's Arjun Kharpal - 1
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EV - 2 Clean - 2 CNBC - 2 Service - 1 Energy - 1 Yahoo Finance - 1 Mercedes Benz - 1 Romeo - 1

Search resuls for: "Lekander's"


3 mentions found


☆ Tesla is the biggest stock bubble in history and shares are headed to $15, short seller says
  + stars: | 2024-06-17 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +2 min
Lekander predicted the EV maker's stock would plunge to $15 a share, implying a 91% decline. Tesla stock represents one of the greatest bubbles in history, he said. Earnings are falling off a cliff," he added, estimating Tesla's earnings could fall as much as 50% this year. Lekander, who has been shorting Tesla stock since 2020, echoed other Tesla bears, who have criticized the stock's lofty valuation and predicted a coming correction. AdvertisementIf the company reports losses for two quarters in a row, the stock could easily see losses in the double-digits, Lekander predicted.
Persons: Lekander, —, Tesla Organizations: EV, Service, Energy, Yahoo Finance
☆ Tesla short-seller names 2 auto stocks to own — giving them 100% upside
  + stars: | 2024-04-04 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
A Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors. Lekander, who holds a short position in Tesla shares, has said the EV carmaker could "go bust" while its stock could fall to $14. His comments came after Tesla reported 386,810 vehicle deliveries in the first quarter, significantly below the lowest market estimates . Valuing AI in auto Lekander also dismissed the notion that Tesla's self-driving software justifies its high valuation, noting that the product is still in early research and development. "I thus remain massively bullish quality auto stocks, Stellantis and Mercedes are my favourites as they are well run and fully investor owned," Lekander told CNBC via email.
Persons: Per, Mercedes, Tesla, Lekander, CNBC's, Lekander's, — CNBC's Arjun Kharpal Organizations: Clean, Mercedes Benz, Romeo, Chrysler, Dodge, Fiat, Jeep, EV, Nvidia, CNBC, Stellantis
☆ Noted Tesla bear says Musk's EV maker could 'go bust' and stock is worth $14
  + stars: | 2024-04-03 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +5 min
Since 2020, Clean Energy Transition has been short Tesla's stock, meaning Lekander's firm will profit if the automaker's shares fall. Lekander has taken his bearish Tesla call further, suggesting the stock could fall to $14 per share. watch nowIf Tesla's stock hit $14, that would represent around 91% downside from Tuesday's close. Analysts at HSBC and TD Cowen cut their price targets on Tesla's stock on Wednesday. Cathie Wood's Ark Invest bought Tesla stock for some of its funds this week ahead of the first-quarter delivery numbers in a sign of support.
Persons: Elon Musk, Tesla, Antonio Masiello, shorting, Lekander, Tesla's, that's, Richard Windsor, Windsor, Dan Ives, Ives, TD Cowen, Cathie Wood, Tom Narayan, CNBC's Organizations: Fratelli, shorting Elon, CNBC, Wednesday, Clean, Lansdowne Partners, Volkswagen, Radio Free Mobile, Wedbush Securities, HSBC, Invest, RBC Capital Markets Locations: Italy, Rome
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