Re:Tesla drops 7% after Goldman Sachs says the stock is wort...
by Sohcahtoa82 on Wednesday July 05, 2017 @08:26PM
(#14707294)
People are buying Tesla stock based on the idea of what the company can become, not what it is right now.
Judging Tesla based on current numbers is simply being short-sighted. They have yet to produce a mass-manufactured car, sure, but unless you've been living in a cave, you know that the release of the Model 3, a car with over 400,000 reservations, is coming soon, and that's going to create somewhere between $13-17 billion in revenue as people pony up the money for the car.
Judging Tesla based on current numbers is simply being short-sighted. They have yet to produce a mass-manufactured car, sure, but unless you've been living in a cave, you know that the release of the Model 3, a car with over 400,000 reservations, is coming soon, and that's going to create somewhere between $13-17 billion in revenue as people pony up the money for the car.