Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019, holding a microphone in front of a large red banner.
Elon Musk's Tesla is grossly overvalued, one analyst is warning.
  • Tesla could end up plunging as much as 65%, one long-running bear says.
  • Roth MKM analyst Craig Irwin reiterated his $85 price target in a recent interview.
  • The EV maker has soared amid the AI hype, but is "egregiously overvalued," Irwin said.

Elon Musk's Tesla is grossly overvalued — and its stock could end up plunging as much as 65%, one analyst is warning.