Tesla Motors Inc (NASDAQ:TSLA) Stock To End Up At $0 Due To Competition: Dr. Doom: Gloom, Bloom & Doom Report’s publisher and Marc Faber Ltd.’s director, Marc Faber, is widely known for his everlasting bearish view on the entire market, including some big stocks. The investor, also known as ‘Dr. Doom’ gave an extremely pessimistic take on Tesla Motors Inc (NASDAQ:TSLA), one of the Street’s beloved stocks.
Dr. Doom attended CNBC’s “Trading Nation” and said, "I think Tesla is a company that is likely to go to zero eventually," which is a bold claim for a revolutionary stock which has convinced the entire industry to move towards electrification.
He highlighted that Tesla builds battery-powered vehicles, which can be produced eventually by the industry giants, including BMW, Nissan, Mercedes, and Toyota, more efficiently and at a much lower cost. Mr. Faber said that the electric vehicle (EV) market is not big enough for the auto giants.
Though, whenever it is big enough they will quickly enter the market and then Tesla will see a lot of competition at once. He expects this to strongly impact Tesla’s business and shares.
He suggested that in spite of investing in volatile stocks like Tesla, investors should put some of their investment in treasury. This is because he believes if the market crashes then the money will move from equity to treasury. He believes that if an investor really wants to put his money in equities then he should opt for emerging markets like Brazil, Thailand, and Indonesia.
Dr. Doom attended CNBC’s “Trading Nation” and said, "I think Tesla is a company that is likely to go to zero eventually," which is a bold claim for a revolutionary stock which has convinced the entire industry to move towards electrification.
He highlighted that Tesla builds battery-powered vehicles, which can be produced eventually by the industry giants, including BMW, Nissan, Mercedes, and Toyota, more efficiently and at a much lower cost. Mr. Faber said that the electric vehicle (EV) market is not big enough for the auto giants.
Though, whenever it is big enough they will quickly enter the market and then Tesla will see a lot of competition at once. He expects this to strongly impact Tesla’s business and shares.
He suggested that in spite of investing in volatile stocks like Tesla, investors should put some of their investment in treasury. This is because he believes if the market crashes then the money will move from equity to treasury. He believes that if an investor really wants to put his money in equities then he should opt for emerging markets like Brazil, Thailand, and Indonesia.