Tesla Is Overvalued: Investors Are Treating It Too Much Like A Tech Company, Says Morgan Stanley
TOPLINE
Analysts from Morgan Stanley on Tuesday warned that Tesla stock, at over $1,000 per share, is grossly overvalued and set to plunge, with too many investors ignoring the risks of running a car company and instead treating Tesla like a high-growth tech company.
It may be time to sell Tesla as shares edge towards record highs, says Morgan Stanley.
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