Analysts at Goldman Sachs, Tesla shares are overvalued

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."

Read more automotive news

Sales Down paralyze production Viper

The Chrysler Group said it temporarily paralyze the Conner Avenue assembly plant in Detroit (Michigan, USA), which produces the SRT Viper sports.

Nissan shows new teaser concept car

Nissan announced a few days to present a new concept car for the Hall of Beijing, which will open to the public in April.

2016 Chevrolet Camaro is the current evolution

Version 2016 Chevrolet Camaro will be different from the present. Using the same platform as the Cadillac ATS and CTS, the model will undergo another redesign, but according to information compiled by the Edmunds site, changes with respect to the generation that is currently for sale will not be large.

Audi thinks new sports car

Audi is already outlining a new model using the new MQB platform that Zero will be used in the next generation of the Volkswagen Polo.

Mazda shows its new concept car Hazumi

Emerged official images of the new model Mazda concept of the Hazumi, which will be officially unveiled this week at the Geneva show. According to information, in Japanese means connected Hazumi and despite being a concept car, it could be produced.

Opel Astra OPC Extreme shows in detail

Opel broke and revealed the mystery altogether Astra OPC Extreme model that will be presented to the public next week's Geneva Motor Show. This is the fastest Astra ever produced and authenticated to the streets.

Hyundai Genesis takes to Nurburgring

Hyundai put the new generation Genesis sedan, unveiled during the Detroit auto show in January this year, to walk on the Nurburgring circuit. During this test, the automaker released a video on YouTube.

New Land Rover Freelander is seen in tests

Based on the modified platform of the Evoque, the new Land Rover Freelander was spotted in winter testing in Sweden. The new car, which is codenamed L550, was seen quite disguise and must be greater than the current Freelander.

Skoda Octavia Scout reveals

Skoda showed on Tuesday (11) the Octavia Scout. This is an "adventurous" version of the van, which will be shown to the public at the Geneva Motor Show in March and will hit the European market in the second half of 2014.

Datsun has redi-GO concept in India

The Datsun, low cost brand resurrected by Nissan in 2012, took the Hall of New Delhi, India, to show the concept redi-GO. It is the preview of a model that will hit the Indian market and other developing countries.