Tesla shares slammed day after surge—what Cramer and others are watching now $TSLA (via TradingNation)
Here's what four experts are watching.Value-based investing does not mean ignoring valuation ... We certainly are deeply concerned about the valuation stretch that has occurred here on Tesla and, therefore, have looked for other ways to play what is indeed a major move in the market toward electric vehicles ...
Alan Patricof, founder and managing director at Greycroft LLC, says Tesla's popularity is in relation to consumers' familiarity with the company. Everybody knows the name Tesla. ... It's a consumer favorite, it's talked about, you see it on the street. ... The last year has been all about consumer-known companies that they're consuming. ... Companies that are familiar to the consumers seem to have a lot of attention. ... I've read a lot of the reports about Tesla, and they're talking about what the potential revenue should be in 2030. I mean, they're not talking about 2021.
Jed Dorsheimer, managing director and analyst at Canaccord Genuity, expresses concerns about China's part in the story of Tesla's future. We are certainly not saying short the stock. When we came into the year ... we had all indicators that were very bullish, and the stock has been much stronger than we initially anticipated. But, one of those bullish signals was the China component to the story. We think with the run in the stock, the fundamentals need to catch up to the stock. ...
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