Marc Faber once again brings his dim view on the stock market and this time he takes on Tesla $TSLA.
He believes that due to fierce competition, the stock will stand no chance but to go back to ZERO. Is this another classic false titanic alarm?
“What they produce can be produced by Mercedes, BMW, Toyota, Nissan. Anybody in the world can make it eventually, at much lower cost and probably much more efficiently,” Faber said Monday on CNBC’s “Trading Nation.”
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