Tesla investors are learning a hard lesson that just because a company is cool and makes amazing products, that does not make it a buy at any price. There is almost no way to justify the current valuation and Goldman is simply reiterating that.
I have a really nice coffee mug in front of me right now. Best mug I've ever used. Is it worth 1200 dollars? No.
I have a really nice coffee mug in front of me right now. Best mug I've ever used. Is it worth 1200 dollars? No.
Price matters.