Many think that electric car company Tesla Motors that will shape the future of the auto industry. John Lovallo probably isn’t one of them.
The analyst at Bank of America Merrill Lynch recently predicted an astronomical 70 percent drop in its stock price.
The numbers as they currently stand do not reflect Mr. Lovallo’s prediction. Shares of Tesla are currently about $203 each. That’s a lot less than its $291 peak in September 2014, but still much, much more than in 2010, when shares were just $17, according to Yahoo Finance. READ MORE.