One analyst thinks Tesla (NASDAQ: TSLA) shares are significantly overvalued. He has a 12-month price target on the stock of $300, implying more than 60% downside from the stock's price of about $820 at the time of this writing.
While the analyst's price target suggests investors should stay far away from the electric-car maker's stock, there's an interesting bullish silver lining in his bearish take if you look closely.
Model Y. Image source: Tesla.
Source Fool.com