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eso gold Tesla shares down 13 on analyst skepticis

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    Posted: 05 April 2014 at 19:30

Tesla shares down 13 on analyst skepticism

Tesla shares plunged 14.3 to $109.05 Tuesday after a Goldman Sachs research analyst said the stock is overvalued and likely is worth about $83.

Goldman's Patrick Archambault said the electric carmaker's shares are worth $58 worst-case scenario and about $113 a share under the best-case scenario. The midpoint: $83 a share, which prompted him to issue a target price of $84, well below current levels.

Innovator Elon Musk has seen his company's shares rocket 250 this year after reporting profits that surprised Wall Street. eso gold eso gold

Archambault's note says his research shows Tesla selling 105,000 vehicles with a 14.6 operating margin this year if sentiment about the cars turns sour. His more bullish case sees annual sales of about 200,000 vehicles, which would translate into a 3.5 global market share in luxury auto sales.

It's "consistent with the typical three-to-five year share gains seen by the most successful industry players across multiple luxury sub-segments over the past decade -- with a 15.2 operating margin," Archambault's note said. Elder Scrolls Online gold The middle-of-the-road outlook: 150,000 unit sales this year with 14.8 margins.

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