A longtime pessimist about
Tesla
states the shares could be headed for what he phone calls “zombie stock” territory.
David Coach, CEO of stock exploration agency New Constructs, who wrote in August 2013 that
Tesla
inventory was “way overvalued” at $11 a share, said in a research take note Monday that the shares have a prolonged way to drop. The company’s breathtaking gross sales growth could be the dilemma, he wrote.
A longtime pessimist about
Tesla
states the shares could be headed for what he phone calls “zombie stock” territory.
David Coach, CEO of stock exploration agency New Constructs, who wrote in August 2013 that
Tesla
inventory was “way overvalued” at $11 a share, said in a research take note Monday that the shares have a prolonged way to drop. The company’s breathtaking gross sales growth could be the dilemma, he wrote.
