Tesla Inc. may be engaged in “accounting shenanigans” and the company’s third-quarter results are “not repeatable,” said analyst Gordon Johnson of Vertical Reserach Group, which has a “sell” rating on Tesla.
“We are more confident in the short than we were ever before,” Johnson said in a radio interview on Bloomberg Surveillance with Jonathan Ferro and Tom Keene.
Johnson, who has a 12-month price target of $88 per share on Tesla, suggested Tesla is bringing orders forward, but stopped short of saying the company was doing anything illegal.
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