Too Many Analysts Are ‘Eager to See Tesla Fail’
The chatter behind recent stock fluctuations shows that more than a few market analysts are looking forward to seeing the end of Tesla Motors, market analyst and self-described “libertarian treehugger” Jeff Siegel contends on AltEnergyStocks.
The company’s stock fell 6% after the Wall Street Journal claimed Tesla was selling fewer cars and offering new incentives, at least until company founder Elon Musk and Credit Suisse analyst Daniel Galves contradicted the report. “I tell ya, I’ve never seen so many people so eager to see a company fail,” Siegel writes.
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Too many regulators and observers would like to “believe nothing more than the illusion that electric cars are glorified golf cars designed for wealthy eccentrics and overzealous treehuggers,” he says. “In the meantime, Tesla continues to lead the way, showing the old guard automakers how cars will be made in the future.”