On June 18th, Caixin reported (Editor Huang Junzhi) that well-known hedge fund manager Per Lekander recently warned that Tesla's stock price is overvalued and may soon face substantial corrections. He believes that Tesla is only worth $15, which means it will plummet more than 90%. In an interview, he said, 'In my opinion, Tesla is the biggest stock market bubble in world history. The models on the market are outdated, and the valuation is absolutely crazy.' He predicts that Tesla's profits may fall by 50% this year. Per Lekander is the managing partner of the investment management company Clean Energy Transition LLP. He has more than 30 years of work experience in the global energy field and is known for accurately predicting the sharp rise in carbon prices in 2018. Although the investment management company claims to be a 'positive force for energy transformation', it has been shorting Tesla's stock since 2020.

In his view, Tesla is in a bubble and that the stock is overvalued. Earlier this year, he warned that the company could go bankrupt. He and others who are bearish on Tesla criticize the stock's high valuation. Lekander predicts that once Tesla announces its second-quarter results, the stock price will drop.

He said, 'I think, considering there is no growth, a 10 times P/E ratio is very generous. My target stock price is $15...I think it's very dangerous.' According to his statement, given Tesla's dismal production results in the first quarter, Q2 deliveries may improve slightly, but the automaker's profits will be 'absolutely terrible.'

Lekander also predicted that if Tesla records losses for two consecutive quarters, the stock price could easily see a double-digit decline.

Tesla's sales for the last quarter were much lower than expected, indicating that the automaker is struggling to address issues of weak demand and increased competition in the electric vehicle market.

Lekander also pointed out that Tesla faces multiple ongoing lawsuits and the risk of a high compensation package for its board of directors. Lekander previously said that Tesla is a stock without growth prospects, and the expected P/E ratio should be only 10 times.

As of Monday's US stock market close, Tesla rose 5.3% to $187.44. Near the close, Musk posted on social media X, saying that he is actively developing Tesla's 'epic Chapter Four,' and that this will be an epic plan. Musk announced the first, second, and third parts of the plan in 2006, 2016, and 2023, respectively. So far, each overall plan has outlined a business plan to promote sustainable transportation, home and business energy storage products, and deploy larger, grid-scale batteries and other renewable solutions.

So far, each overall plan has outlined a business plan to promote sustainable transportation, home and business energy storage products, and deploy larger, grid-scale batteries and other renewable solutions.

Lekander's target price implies that Tesla's stock price will fall nearly 92% from its current level. He predicts that once Tesla announces its second-quarter results, the stock price will drop. 'The company may lose money,' he said. 'Once the stock starts to fall, it will fall more...I think we're very, very close to a turning point,' he added.

Lekander is the managing partner of the investment management company Clean Energy Transition LLP. He has more than 30 years of work experience in the global energy field and is known for accurately predicting the sharp rise in carbon prices in 2018.

Prospects are worrying.

Per Lekander's target price means that Tesla's stock price will fall nearly 92%, and he expects that Tesla's stock price will fall once it announces its second-quarter earnings.

He said, 'The company could lose money.'

He also predicted that if Tesla records losses for two consecutive quarters, the stock price could easily see a double-digit decline.

'Once the stock starts to fall, it will fall more...I think we're very, very close to a turning point,' he added.

Tesla's stock price soared 5.3% to $187.44 at Monday's US stock market close. Musk posted on social media X near the close, saying that he is actively developing Tesla's 'epic Chapter Four,' and that this will be an epic plan. Musk announced the first, second, and third parts of the plan in 2006, 2016, and 2023, respectively. So far, each overall plan has outlined a business plan to promote sustainable transportation, home and business energy storage products, and deploy larger, grid-scale batteries and other renewable solutions.