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Noted Tesla bear says Musk's EV maker could 'go bust,' says stock is worth $14
Tesla is facing a price war, intense competition from Chinese players and weakening demand for its electric cars.
Tom Narayan, analyst at RBC Capital Markets, told CNBC's "Squawk Box Asia" Wednesday that most of the reasons behind the fall in first-quarter deliveries were "one-time in nature." But he said one near-term catalyst could be a recent directive from Tesla's CEO to employees to install and show customers how to use the latest version of the company's driver assist system, marketed as FSD or Full Self Driving. Lekander joins a growing chorus of negative voices on Tesla which is facing a price war, intense competition from Chinese players and weakening demand for its electric cars.
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