Barclays said Tesla's recent rally resembles the rise and fall of chipmaker Qualcomm in 1999.
The firm said Tesla's recent rally resembles the rise and fall of chipmaker Qualcomm in 1999.
Tesla's rip higher is garnering tons of attention from investors, especially younger ones, about whether to get in on the action, but one analyst calls on history to warn about similar high flying stocks that came back down to earth. "We continue to believe TSLA is fundamentally overvalued," note the analyst, who's price forecast calls for a 65% plunge in the stock.
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