Why Asset Manager Canaccord Says Tesla Stock Will Explode by 40% in 2019

Despite a wider recovery in the US stock market, Tesla’s new year got off to a rocky start. The company’s stock plummeted, particularly after RBC Capital gave the electric vehicle maker’s shares a dreaded “sell” rating. Striking at the core of the matter, RBC Capital analyst Joseph Spak said: “It’s not that we don’t believe Tesla can grow over time, our model shows solid LT growth. But the current valuation already considers overly lofty expectatio