Fraser Perring, a well-known short investor and founder of Viceroy Research, believes that Tesla’s stock price is 10 times overvalued. He tweeted on Wednesday that the market value of Tesla, Toyota, and Volkswagen had value misalignment. Last year, Toyota and Volkswagen sold about 10 times that of Tesla, but Tesla’s market value was as high as US$1.15 trillion. It is Toyota and Volkswagen. The sum is more than 2 times.
Palin said in a telephone interview, I will not short a company just because the valuation is too high, I will only short a company whose valuation is too high to be junk. From a conservative point of view, Tesla is also overvalued. , I think it is 10 times overvalued.
When Viceroy Research shorts a company, it usually publishes a detailed report describing the company’s management errors. Tesla may not be its next goal. Palin said, Tesla is not our next goal, and its business conditions are healthy.