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We Should All Thank Goldman Sachs For Saying Tesla's Stock Is Going to Crash

Bless you Goldman Sachs for finally calling a spade a spade on Tesla, Inc. (TSLA) .

After Tesla showed that it doesn't deserve the trust of investors by doing a data dump on July 3 evening (see below tweet...), Goldman Sachs is out with a note Wednesday that needed to be written three months ago. As TheStreet reported, Goldman Sachs Analyst David Tamberrino reiterated a "sell" rating for Tesla, citing slowing sales growth of the company's electric cars currently on the market.

Tamberrino lowered his six-month price target to $180 from $190, which is 49% downside from Monday's close.

"We see potential for downside as the Model 3 launch curve undershoots the company's production targets," Tamberrino said. "This comes as demand for Tesla's established products (Model S and Model X) appears to be plateauing slightly below 100k annual run rate."

Tesla hypes Model 3 launch day last week, then Monday, then dumps weak delivery figure before July 4

Can't trust/invest in comps. like this

— Brian Sozzi (@BrianSozzi)

The bottom line is this: unless Tesla and Elon Musk has found the cure for the common cold -- where the cure is sprayed on people while sitting in their Tesla -- the company in no way deserves its valuation. Not only are its sales slowing, per Goldman's analysis, but there is a wave of strong electric cars coming to market over the next five years that could inhibit...


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