Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Tesla Motors Inc. (TSLA)’s Best Days Are Behind It: Timothy Seymour

Tesla Motors Inc. (NASDAQ:TSLA) best days are behind it according to CNBC’s, Timothy Seymour, who maintains that the downward trend could be in, for a long haul. The analyst is basing his arguments on the fact that competition is poised to play a big role going forward; a problem that should be compounded with a further decline in oil prices.

Tesla Motors Inc (NASDAQ:TSLA)

“A stock that touched $286 on September 4th got down to $195 during the lows and I think it is a stock that probably goes to $180. I am not saying that is the place to buy it but. I think it goes there and if you look at these companies there are things that bother me and I have said over and over, competition,” said Mr. Seymour.

Seymour expects the unveiling of BMW I3 to offer the biggest threat to Tesla Motors Inc. (NASDAQ:TSLA)’s market dominance heading into 2015. The analyst also remains skeptical about the giant electric company prospects in China in the wake of its head in the country resigning. 2015 is poised to be another turbulent year for Tesla especially with more players entering the electric vehicle space.

Seymour made the sentiments in the wake of CEO, Elon Musk, tweeting that the company was working on a charge. That automatically extends from the wall and plugs itself on a car like a solid metal snake for charging. The new design is aimed at averting the hassles that owners usually undergo of having to plug their car for charging once they get home.

Tesla Motors Inc. (NASDAQ:TSLA) has for quite some time admitted that it is not able to meet production demand, a problem that might come back to haunt it with the entry of more players in the space. CNBC’s contributor Jim, on the other hand, believes Musk and Jeff Bezos share the same desire of building great companies without necessarily paying attention to shareholder’s returns.

“I wouldn’t be surprised if Tesla Motors Inc. (NASDAQ:TSLA) were in some way to merge with SpaceX operation or much like, Inc. (NASDAQ:AMZN). Just get into a whole wealth of other projects. That has made for a great business but frankly a lousy stock. So I would be away from it too,” said Mr. Seymour.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!