A potential bounce for beaten down Tesla Inc. shares could be worthwhile for short-term traders, but probably doesn’t argue for a long-term investment, a widely followed technical analyst said in a Wednesday note.
“I have little interest in TSLA right now as an investment. It’s overvalued and run by a CEO who clearly has other priorities and who has effectively become public enemy number one to much of its potential customer base,” said Andrew Adams in a note for Saut Strategy, referring to Tesla
TSLA,
Chief Executive Elon Musk.
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