Tesla’s rid­ing for a fall, says Gold­man

Daily Mail - - City & Finance -

SHARES in Tesla fell again last night as founder Elon Musk ( pic­tured) was warned that the com­pany is worth just half what he val­ues it at.

The stock dropped by as much as 4pc at one point, to $277 – tak­ing losses in the last month to 27pc. The slide came as Gold­man Sachs warned the shares should be val­ued at $210 each –just half the $420 that Musk last month said he was pre­pared to pay to take the com­pany pri­vate. The warn­ing was par­tic­u­larly galling as Musk had hired Gold­man to ad­vise him on buy­ing the firm back, be­fore aban­don­ing the plan.

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