Tesla Is ‘Fundamentally Overvalued.’ Here’s How Many Cars It Needs to Deliver to Justify Its Price.

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Bulls and bears endlessly debate what electric vehicle giant Tesla is worth. On Thursday, a new bear entered the fray.

Tudor Pickering analyst Matthew Portillo launched coverage of Tesla (ticker: TSLA) stock with a Sell rating and $537 price target. He covers a mix of energy and automotive names.

Portillo does seem impressed with Tesla’s…

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