Experts expect Tesla shares to fall below $100

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Shares of Tesla by the end of the year may fall in price below $100, the head of the Kase Capital Management hedge fund, Whitney Tilson, said. In this opinion, his statements were strengthened by Tesla founder, Elon Musk, regarding plans to close stores and transfer trade to the online mode. The analyst, however, considers Musk a strong entrepreneur who has achieved a lot. By closing the stores and reducing the number of employees working in them, Elon Musk expects to reduce operating costs by 5-6% in 2019. During trading on Wednesday, the price of shares of the American manufacturer of electric vehicles fell by 3.09% to the lowest level in the last 4 months to 276 dollars 54 cents.

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