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So in the wake of the terrible report is Tesla skidding off the tracks Goldman Sachs is certainly saying yes and this is big news considering that until today.
Tesla stock had nearly quadrupled.
Goldman's analysts reports of the stock following as we said more than 14% saying it's only worth about 84.
It's kind of -- middle of their range dollars a share that is a lot less than a 126.
It opened -- today so who's right.
With me now -- -- from parents.
You wrote awhile ago that the stock was worth about fifty box.
Do you feel vindicated now you think it's still overpriced or people jumped on the bandwagon when you ultimately be proved exactly right.
If the guys -- -- -- in aren't idiots -- my guess is some kind of indication that.
They think yeah even on the low side -- -- mean you know the -- could go to 58 is what they said so what is.
What is everybody have wrong about this and what are what are the real -- that people are valuing crackling.
People roaring day.
-- counting noses in terms of how many cars.
Tesla can realistically sell it and even.
When you're writing about it in a hundred dollars a share -- the bulls were bidding ended they could say -- -- hundreds of thousands of.
Cars a year.
Right the bullish case they would need to sell 200000 vehicles they would need to get 3.5.
Percent of the global -- a luxury auto market.
And a 15% operating margin.
Yeah in order for sort of the current scenario that's priced -- to be accurate that's a tall order.
Yet another way to think about it is.
Their stock before trading was valued and more than a third of General Motors and the General Motors sold about a thousand times more cars in the last year.
So what if we're not talking about his electric car but we're looking at in this alternative -- -- -- we have the alternative -- out -- you guys -- thrown about that are really competes against.
You look at against the bolts the Prius obviously very popular -- -- It's -- more expensive.
It's a lot cooler that bad -- we have those pictures it's wonderful I put up.
But I love driving down again and it's it's great fun and.
-- and it's typical.
Buyers seems to be a wealth.
Guy who recently divorced.
As you're you're saying midlife crisis that you're trying not to say who has two or three other cars -- is he can -- for transportation -- takes a -- out on dates like pick up chicks -- but he doesn't actually can't count on its elected to work earn the money that he needs in order to maintain -- lifestyle he just sort of uses it when he wants to go out and and pick up -- -- and worried about and it's a great statement I mean you know I'm I'm a big fan of battery powered through emission cars on the big.
Bike -- mass transit rider yeah I mean you've -- imam -- you've tried to you try microphones set ideas a good day he got like what you had to say questions into the interview he started closing the door and -- was -- with a shout a couple of more.
Actions before it -- from a -- he's a lot of the reason why this stock is through the -- -- I mean -- say it's a concept car he's the kind of -- a lot of -- with the -- XP -- job both illegal and against him right so -- the stock is still get -- because that's what's really driving and who cares about the fundamentals well I guess but then -- still have to come back -- OK so what price.
Don't want to pay for it to IE you know wanna pay a 109 dollars today or you know on Gator 130 -- I felt good stuff -- -- -- acts and OK let somebody.
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