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Speaking exclusively to Benzinga, Marketfy options expert
Nic Chahine said he is bearish on Tesla
TSLA, but not because of the falcon doors.
He thinks Wall Street's perceived value for Tesla is too lofty for a car company.
“They price it like an innovative tech company, which it's not,” he told Benzinga. “A few words from [CEO] Elon [Musk] raised this flag for me a few weeks ago when he announced the location of the GIGA factory. He said that he chose the location even though there were better places that offered more financial incentives.”
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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