what is explanation?
so get out fool.
has failed to break out of 240 range. tested 240 several times, but all signs pointing to eventual failure of this support and quick sell off to 220-230.
In a best scenario, analyst Patrick Archambault of Goldman Sachs thinks Tesla (Nasdaq: TSLA) stock is worth $120. In the worst scenario, he thinks the stock is only worth $58.
"We now value Tesla by taking the average of 3 scenarios. In the first scenario, we assume total sales of 105K (Model S: 50K units, Next Gen: 55K) and operating margins of 14.6% implying an EPS of $5.99. Layering on a 20x multiple given the growth prospects implies a value of $120 which discounted at 20% implies a stock price of $58," said Archambault.
"We then look at a bull case where we assume that TSLA will be able to get approximately 3.5% global market share in the entry lux and mid-lux category suggesting total volumes of 200K units. The 3.5% market share assumption is consistent with the typical 3-5 year share gains seen by the most successful industry players across multiple luxury sub-segments over the past decade. We assume an operating margin of 15.2% in this scenario, which is slightly better than the 15% guidance that TSLA has provided as we see TSLA benefitting from better operating leverage given higher volumes. The implied stock price in this scenario comes at $113," added Archambault.
Finally, Archambaul looked at the mid-case scenario.
"In a mid-case where we assume volumes of 150K units and operating margins of 14.8% which is broadly the mid-point of the two scenarios. The implied price in this scenario is $83. Finally, we take the average of these three scenarios to get our target price of $84," he concluded.
Goldman Sachs has a Neutral rating on Tesla Motors (NASDAQ: TSLA) with modified price target to $84.00 (from $61.00).
$58 in worst case scenario...
dont bet against apple.
negativity at its peak here imho
why would institutions who just sold rebuy with PT being cut and insiders selling.
past performance does not equal future performance. the stock has come and gone. longs need to see that.
stock is moving based on supply/demand. thats all it is.
your argument is heard, but not valid. look at tsla.
too many people already have apple, yet no new buyers, so stock will continue to tank.
too much supply on hand