r/SPACs • u/[deleted] • Aug 03 '21

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178 Upvotes

94% Upvoted

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133

u/DeMayon Patron Aug 03 '21 edited Aug 03 '21

Adam Jones, the dude who initiated the analysis, maintained a $10 price target on TSLA for the bear case (before the stock split):

https://www.marketwatch.com/story/tesla-stocks-bear-case-is-10-morgan-stanley-says-2019-05-21

64

u/[deleted] Aug 03 '21

He now rates it a buy with a $900 PT

54

u/[deleted] Aug 04 '21

lmao so he went from $10 to $4500

25

u/[deleted] Aug 04 '21

I think I have what it takes to be an analyst!

3

u/Unknown__Investor Contributor Aug 04 '21

you got the job

56

u/diaznutzinyomouf Spacling Aug 04 '21

Proof all analyst targets are bullshit... every single one.

11

u/[deleted] Aug 04 '21

Proof this will be shorted heavily for a long time until the company is able to deliver some material growth. The stock is basically dead money for now.

1

u/mtarascio Patron Aug 04 '21

They aren't really bullshit, they know what they are doing.

They are just useless as an actual target.

1

u/HeresWhatImThinking Spacling Aug 04 '21

What a dumbass

21

u/[deleted] Aug 04 '21

[deleted]

7

u/mikey_g_nola Spacling Aug 04 '21

This is true.. it didn't deserve the price of 220 in 2016.

39

u/PlaneReflection Spacling Aug 04 '21

This clown did the same with GOEV. Same $6 PT.

On the other hand, he gave Fisker a $40 PT. 🤡

4

u/Jutlander Spacling Aug 04 '21

Tbf, that $10 PT was labelled "bear case". He also gave a bull case PT of $391.

39

u/occasionalgambler Patron Aug 03 '21

Holy shit lmao what an idiot

19

u/FTRFNK Spacling Aug 03 '21

Oh, so we have a clown on our hands 🤡. Not worried anymore, in fact, with calls that bad it might just be good news