Tesla bulls should, among other things, be wary of the appearance of a car from Apple , says Roth Capital Partners analyst Craig Irwin.
And the analyst set a target price for Tesla shares in $150, which involves falling on 81% compared to current levels.
Future electric vehicles
Talk about Apple's car has recently died down after, like in december 2020 years there were reports of its existence.
Apple electric cars could compete with Tesla in the future Apple electric cars could compete with Tesla in the future
The car can be powered by a “breakthrough” mono-cell battery design, which provides a long duration of action, than traditional batteries for electric vehicles.
Apple's MacRumors blog site recently reported, that the vehicle remains in operation and can have autopilot functions.
This despite the fact, that Apple recently lost a key executive in its automotive team to Ford
So far, Tesla shares have been able to ignore any concerns about Apple's car - shares are up by 90% for the last year.
But Irwin adds, that Tesla faces other short-term risks in the form of increased competition from traditional automakers, relying on electric cars
General Motors
General Motors Tells Investors This Week, that plans to double sales by 2030 year amid the massive transition to EVs.
Ford is actively ramping up EV power, to produce more trucks and crossovers, which do not use fuel.
Ford
Ford plans to invest $30 billion in electric vehicles to 2025 of the year. The company expects, what to 2030 year 40-50% its global volume of vehicles will be fully electric.
Irwin says: `` General Motors should not be underestimated. This is an American icon. You could bet on Ford on this list too - much to the disappointment of current trend leader Tesla and his legion of fans.
