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A lot on this program about Tesla electric car companies -- Because the stock has been on a real tat I believe it's -- a 174%.
This calendar year just since January the -- I'm gonna bring in -- around.
Because he says he doesn't very interesting -- about test -- Morales says.
Is the same as General Motors back in 1915.
I take it you think that -- -- he's got to just take off.
Well I think it has huge potential I think a lot of people are really taking that and just had a trying to look at it and fresh ways in everybody's trying to apply there.
Standard sort of -- value analysis to that to the stock and I think there's more going on.
To it than that what I like to do what I see a situation like Tesla as I look back in history and I try to look at other situations in the market.
Wary of people were baby full -- -- -- price move was already done when it was really just getting started and an interest in that -- an old chart of General Motors back in 1915.
And back -- GM was really Buick motor company.
And it started trading around 1911 and went sideways for two and a half years now interestingly Tesla went sideways for two and a half years as well before breaking out recently you think and doubling -- and do you think it's gonna go up from -- You -- I definitely definitely -- General Motors doubled in not 1914 and went from 34 to eighty that it went sideways for about nine months in oracle -- months almost second -- it's not just a question looking at the shots and computing a big game.
You gotta look at the on the line profitability of this company -- And his position in the -- journalists.
What's your I think has very strong position the marketplace -- gonna earn a dollar seven source trading right now is about 9293 times stuff forward estimates.
That's not out of line for an up and coming company you can look at eBay trading at 200 times earnings in 1998 when an edit.
Twenty fold move you can look at Amazon with losing money in 1998 when it had a a similar type of grill so I think tests that can go a lot higher than you think -- Gil and jam packed full but thanks for joining us this morning you're ten seconds joining.
I and I like where we're deals coming from IE Hamas -- ball more -- here and listen we took profits but on a -- might have been goes down ten points or more.
I'm getting right back into -- -- way that you should also compared to Ford because Elon Musk is like the -- -- report.
-- draw your attention to an editorial in today's Wall Street Journal sub headline.
Tesla by the numbers how tax payers may need an electric car company.
By the way that kind of stuff is not news and -- and then they also the critics have said listen they've got to do all these secure lamenting -- government does have a.
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