Tesla Could Face Bankruptcy as Stock Plummets, Hedge Fund Manager Warns

📆 4/3/2024 12:02 PM
📰 NBCNewYork

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Per Lekander, a hedge fund manager, predicts that Tesla could go bankrupt and its stock could drop to $14. This comes after Tesla reported lower-than-expected vehicle deliveries and is facing challenges from a price war, competition from Chinese players, and declining demand for electric cars.

Tesla could "go bust" while its stock could fall to $14, Per Lekander, a hedge fund manager who has been shorting Elon Musk's electric carmaker since 2020, told CNBC on Wednesday. His comments come after Tesla reported 386,810 vehicle deliveries in the first quarter of the year, significantly below even the lowest market estimates.

Lekander joins a growing chorus of negative voices on Tesla which is facing a price war, intense competition from Chinese players and weakening demand for its electric cars

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