Should You Follow This Hedge Fund Manager Out of Tesla Stock?
David Einhorn, of Greenlight Capital, has been on the wrong side of the Telsa Inc (NASDAQ: TSLA) trade of late -- he's shorting the stock. That means he's expecting the electric-car maker's shares to fall despite the fact that they've gone up more than 70% so far this year.
I don't think you should short the stock, but you might want to consider selling if you own it. Here's Einhorn's logic, along with some other issues you'd be wise to consider.
There's nothing inherently wrong with Tesla's cars. In fact, they are pretty impressive vehicles. And certainly the company's CEO Elon Musk is a visionary, constantly striving toward a future that is vastly ahead of today's realities. But these facts don't translate into Tesla being a great stock, especially after a massive price run-up this year.
Source: Fool.com
Ford Motor Co. Stock
With 12 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 14 € shows a positive potential of 22.91% compared to the current price of 11.39 € for Ford Motor Co..
