Tesla could become a “Zombie stock” when interest rates rise

A longtime pessimist about

Tesla

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

David Trainer, CEO of equity research firm New Constructs, who wrote it in August 2013

Tesla

the stock was “much overvalued” at $11 a share, said in a research note Monday that the shares have a long way to fall. The company̵[ads1]7;s spectacular sales growth may be the problem, he wrote.