Tesla’s riding for a fall, says Goldman
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.