Two analysts looked at automotive electrification technology recently, each coming away with separate findings that are favorable for
yet they are deeply divided on the stock.
New Street Research’s Pierre Ferragu believes Tesla stock is a good bet at the current price. Bernstein’s Toni Sacconaghi thinks shares are seriously overvalued and could fall almost 60%.
Sacconaghi recently hosted a webinar with Sandy Munro, describing him as an “automotive guru…well known for his extensive tear downs of Tesla and other automobiles and EVs.” Ferragu, for his part, tuned into a Mercedes-Benz automotive technology event to get a sense of what traditional auto makers have in store to compete with Tesla (ticker: TSLA).
What he and this team saw “got us worried,” but not about Tesla, he said. Instead, they are concerned about the