Analyst has a target of 87$ per share for TESLA

Gordon Johnson has a low target for TESLA stock compared to where the stock is trading currently. He values the stock at 87$ per share.

He does not believe in

• TESLA car production and sales (core business losing money)
• Technology (they dont own battery production technology, no self-driving technology, etc)

He's basing his projection for price for 2021 on sales and production figures:

• 11.400 cars sold in China (versus 12.000 or so produced)
• 370.000 cars sold this year (and 500.000 projected to produce this year)
• He takes out the credit selling (because of green business) to other car companies (that is not sustainable because the other car manufacturers are starting to produce and sell EV cars); we did cover that here on the blog.

So here you have it on Yahoo Finance.