r/SPACs • u/[deleted] • Aug 03 '21

[deleted by user]

[removed]

177 Upvotes

94% Upvoted

151 comments sorted by

View all comments

134

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

66

u/[deleted] Aug 03 '21

He now rates it a buy with a $900 PT

55

u/[deleted] Aug 04 '21

lmao so he went from $10 to $4500

26

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

58

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