Analysts at Goldman Sachs, Tesla shares are overvalued
A survey released by analysts of the banking group Goldman Sachs auto industry showed that shares of Tesla (TSLA) are overvalued, despite promising technology that the company offers in their electric vehicles.
Patrick Archambault, analyst at Goldman Sachs, compared with Tesla CEO Steve Jobs of Apple, saying that the Model S is very similar to the iPhone. The main difference is going to take much longer for electric cars Tesla occupy a considerable part in the auto industry, which led for iPhone dominate the world of smartphones.
According to the study, if the Tesla launch a drive input, which is not a luxury, in the coming years, as the rumors indicate, Archambault provides that the company could sell 500,000 electric cars per year by 2022 or 2023. Based on these projections, analysts at Goldman Sachs claim that a fair price for the shares of Tesla now would be about $ 200 per share, not the U.S. $ 238 currently charged on Wall Street, pointing an overvaluation of almost $ 40
"A world where electric cars are standard vehicles is a distinct possibility and probably desirable, but not yet reached this point," he wrote. "The TSLA, however, comes at a price as if it were already a reality, and that is why, although I admire what Tesla is doing, I'm not a fan of their actions."