Wednesday, August 10, 2016

Marc Faber Warns : Tesla Shares are going to Zero Dollars

"I think Tesla is a company that is likely to go to zero eventually," Faber said. On Tuesday, Tesla shares closed 1.3 percent higher at $229.08 a piece. "What they produce can be produced by Mercedes, BMW, Toyota, Nissan. Anybody in the world can make it eventually, at much lower cost and probably much more efficiently," Faber said Monday on CNBC's "Trading Nation."

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

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