Friday, March 21, 2014

Cramer: Tesla has become the new Apple.

CNBC's Jim Cramer said electric car manufacturer Tesla Motors in the minds of investors Apple is ousted on Tuesday. Citing a research note from Goldman Sachs on the growing car manufacturer, Cramer, the Investment Bank "Gamut," said Tesla and its charismatic founder Elon Musk, a founder of private space company SpaceX shattered is. The Goldman Sachs report provides different reviews for the shares, which will be on the basis of how potentially destructive Tesla, specifically whether musk mechanic can follow the traces of Henry Ford, Steve Jobs, or the Maytag. "Tesla is the new Apple", said Cramer on "Squawk on the street." "We need to focus on Tesla. ... That's all the people are to speak. " Tesla was a darling of Wall Street in the past year, surging 575 percent since the company announced, extend the battery manufacturing capacity and its flagship vehicle, the model S, garnered strong reviews. Tesla stock reached all-time high of $265 last month to about $237 depending on stock in early trading broke down Tuesday.

In his research note, Goldman Sachs his six month price target on Tesla revised up to $200. The Investment Bank Tesla's automotive business estimated at $180 and the battery business, $20. But the Bank identified significant potential upside in Tesla his ambitions of a global disorder prove fruitful.

Goldman estimated Tesla's current share price at $442 if it ends after the same destructive way as Apple's iPhone.

The future looks even brighter always the next Henry Ford, when musk ends. If Tesla trajectory of a company such as Ford followed the mass market in the early 1900s, share prices should approximately $478 per share to run Goldman said in its report.

Tesla still considerable advantage has, if it can produce the same type of disorder, which after its introduction has durable goods such as washing machines and refrigerators, said Goldman. But that route would mean, a much smaller market share and lower present value price of $329. Still remains, that the price well above the current level.

In the worst case scenario predicts Goldman that Tesla, would still the market leader in electric vehicles, but the Bank estimated current rates at $66 per share without the head of the troublesome routes.

"Not surprisingly, that this scenario seem includes the shares of Tesla clearly are overrated, even though the implied share price from $66 is the levels of Tesla shares were trading at less than a year ago" Goldman Sachs report said.

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