Tesla Critic Who Predicted 80% Value Decline Admits Mistake: ‘I Was Wrong’

Read The Full Article On: Teslarati

Simon Alvarez

BySimon AlvarezPosted on October 29, 2019

A Clinical Professor of Marketing at NYU who predicted that Tesla is poised to lose 80% or more of its value has admitted that he was wrong about the electric car maker. In a recent appearance at a podcast with veteran tech journalist Kara Swisher, Scott Galloway explained that it was a mistake for him to bet against Tesla, partly due to the strength of the company’s products. 

Earlier this month, Galloway caused some heated discussions on social media after he posted a list of companies that are overvalued and those that he believes are poised to disappear, or at least lose 80% of their value. Among these companies was Tesla, whom Galloway noted did not have “the scale to compete in a well-run, low-margin business — auto.”

Read The Full Article On: Teslarati


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