Tesla Could Be a ‘Zombie Stock’ as Interest Rates Rise

A longtime pessimist about


Tesla


says the shares could be headed for what he calls “zombie stock” territory.

David Trainer, CEO of stock research firm New Constructs, who wrote in August 2013 that


Tesla


stock was “way overvalued” at $11 a share, said in a research note Monday that the shares have a long way to fall. The company’s spectacular sales growth could be the problem, he wrote.