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Would You Ever Drive a Tesla?

Would You Ever Drive a Tesla?

Here’s The Scoop

Tesla’s recent underwhelming performance has raised a few eyebrows, including those of Per Lekander, a hedge fund manager who’s been shorting Musk’s electric car company since 2020.

According to Lekander, this could well be the “beginning of the end of the Tesla bubble,” citing the company’s disappointing first quarter vehicle deliveries as a significant indication. He even went as far as to say that Tesla could potentially go bust!

Lekander has a history of making accurate predictions, having successfully called a 2018 rally in carbon prices. His firm, Clean Energy Transition, has been shorting Tesla’s stock, meaning they stand to profit if Tesla’s shares fall. And fall they have, closing at $166.63 recently from $233.94 in March 2021.

Lekander has taken his bearish stance a step further, predicting that Tesla’s stock could plunge to a mere $14 per share. His argument: Tesla is essentially a “no growth” stock, and it should be valued on 10 times forward earnings, significantly less than the current 58 times forward earnings.

Tesla’s business model, which is highly dependent on strong revenue growth, vertical integration, and direct-to-consumer sales, is brilliant when the company grows. But when sales fall, this model goes into reverse, according to Lekander. He asserts that Tesla’s first quarter problems were more about demand than supply chain disruption, indicating a more fundamental problem with the business.

While there are still those bullish on Tesla, we can’t ignore the chorus of negative voices that have emerged, especially after their disappointing delivery numbers. As the reality of delivering on electric vehicle propositions becomes more apparent, it seems the road ahead for Tesla may be bumpier than anticipated.

What do you think? Let us know by participating in our poll, or join the discussion in the comment section below!




  1. Davida Pietrzak

    April 6, 2024 at 7:35 pm

    Why must u liberal loons take a great company down due to politics. ??? Stop saying that crap!!! Elon is a genius who deserves accolades for his entrepreneurial ideas!!!

  2. Mike

    April 6, 2024 at 7:38 pm

    I’ll drive one, no problem, I’ve driven golf carts after all. Better question is, will I buy one. HELL NO!!! I’m a Ford guy, I’ve driven a Chevrolet, but I’d never buy one.

  3. Peter F Nielsen

    April 6, 2024 at 9:34 pm

    I wouldn’t pee on one of them let alone drive one.

  4. Adam

    April 8, 2024 at 2:04 am

    I might buy the Volkswagen electric hippie bus, but it’s probably too expensive. I’d buy from an established car maker, before a start up company. It’s not the warranty, but the parts availability and service department when it’s its time to fix the electric vehicle. If I had the money, the Tesla Pickup would look good in my driveway.

  5. Jerry C.

    April 12, 2024 at 5:55 pm

    If I got one free I’d drive it – straight to the Ford dealership to trade it for a truck! I’d never BUY one, though. Electric cars are ok, I guess, for people who never leave the city and have their own solar panels to charge them, The electrical grid can’t even handle all the people turning their air conditioners on on a hot summer’s day so how could it handle every driver plugging-in their cars?

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