Tesla drops 7% after Goldman Sachs says the stock is worth $180

Re:Tesla drops 7% after Goldman Sachs says the stock is wort... by namuol on Wednesday July 05, 2017 @06:35PM (#14706677)

I don't see this being mentioned anywhere, but the biggest reason I'd be wary of _any_ consumer vehicle manufacturer's high stock price is that the demand for cars will decline in the following decades as self-driving vehicles dramatically reduce the demand for ownership.

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Re:Tesla drops 7% after Goldman Sachs says the stock is wort... by ng12 on Wednesday July 05, 2017 @06:40PM (#14706712)

And who's building the self-driving vehicles? Who's technology are they using?

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Re:Tesla drops 7% after Goldman Sachs says the stock is wort... by solomatov on Wednesday July 05, 2017 @10:32PM (#14707771)

According to navigant research (https://www.navigantresearch.com/research/navigant-research-...), it's GM (who bought cruise automation), and Ford (who bought a majority share in Argo AI) who are the most advanced.

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Re:Tesla drops 7% after Goldman Sachs says the stock is wort... by nojvek on Thursday July 06, 2017 @01:39PM (#14712220)

"who are the most advanced". Any sources for this? As far as I'm aware none of their cars are on the road in the hands of customer.

Also a lot of this companies are betting on Lidar becoming magically cheaper. Buying a company doesn't necessarily mean they'll kill it. Big companies have a lot of politics and red tape before integrations can even happen. I was at MS when they bought Skype and later Nokia. Middle management blew the whole thing up.

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Re:Tesla drops 7% after Goldman Sachs says the stock is wort... by tonvei on Wednesday July 05, 2017 @09:29PM (#14707535)

Most likely the technology that will be used will be that of which Google is developing. Tesla is nothing more then a glorified cruise control. And don't throw the number of miles driven number back.

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Re:Tesla drops 7% after Goldman Sachs says the stock is wort... by ams6110 on Wednesday July 05, 2017 @07:09PM (#14706895)

Remains to be seen. I can't imagine not wanting to own my own car. It's an extension of personal space for me. And I don't really want anyone else using it either.

Maybe younger generations will feel differently.

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