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Wall Street still irrationally exuberant over Tesla shares

In a world where electric cars are far from the norm, it seems odd to us laypeople that you can't buy a share of Tesla stock (ticker symbol TSLA) for less than $230. But a research note issued Monday from Goldman Sach's respected team of auto industry analysts (seen in PDF form in our gallery) has added fuel to the irrational exuberance fire, guaranteeing that Tesla's stocks should hover at these seemingly unreasonable prices for some time.
Goldman Sachs analyst Patrick Archambault compared Tesla CEO Elon Musk to Apple's Steve Jobs, saying the Model S is a lot like the iPhone. The major difference is that it will take a lot longer for Tesla's electric cars to make a sizable dent in the auto industry, Archambault said, than it took for the iPhone to take over the smart phone world. If Tesla rolls out a non-luxury car in the next few years as is rumored, Archambault predicts the company could be selling 500,000 electric cars a year by 2022 or 2023. Based on those projections, the Goldman Sachs analysts says a fair price for Tesla's stock right now is about $200 a share.
Which, in the upside-down world of Wall Street, means the current share price of around $238 is nearly $40 overvalued. But that hasn't stopped traders from pushing up the price of Tesla's stock today between $3 and $4 a share. Over at Oilprice.com (subscription), contributor Martin Tiller on Friday was already sounding the alarm bells, saying Tesla share's are overpriced, despite the promising technology.

Tesla making plans for Gigafactory in at least two states

Ever since February, when Tesla officially announced that it would build a gigafactory to make the incredible number of lithium-ion batteries it expects to need to power its electric vehicles, we thought it would be located in one of four states. Those four states – Texas, Arizona, New Mexico and Nevada – have been lobbying the automaker ever since, hoping to hear that the new, $5-billion plant and its 6,500 jobs would set up shop within its borders. Turns out, two of them might get some good news soon. "We want to minimize the risk timing for the gigafactory to get up and running" – Elon Musk CEO Elon Musk said Tesla will announce locations in "at least two" states where it could build the gigafactory, according to Bloomberg. He said, "What we're going to do is move forward with more than one state, at least two, all the way to breaking ground, just in case there's last-minute issues. The number one thing is we want to minimize the risk timing for the gigafactory to get up and running." This isn't to say that Tesla will actually build two gigafactories (at least, not yet, but Musk hinted there may come a day when the automaker will need a second one), just that it is going to make sure there is no hiccup in the supply of lower-cost battery packs for the upcoming lower-cost Tesla EV, sometimes referred to as the Model E. The gigafactory is expected to not only produce more li-ion cells than were made globally in 2013 but also to reduce the cost of the overall pack by 30 percent, setting the stage for the $35,000 Tesla EV (estimated) to appear.

Learn hidden Tesla Model S safety facts from this first responder video

We all know that crashes can happen in a Tesla Model S. What not all of us know is how to approach a smashed vehicle in such a situation. That's where a new video, Emergency Response To Electric Vehicles, with Brock Archer and Ron Moore from Boron Extrication comes in. The training video, put together with the help of Tesla Motors, does not feature any spectacular crash footage (you can get that here) but does cover things like demystifying the dangers of an EV that has crashed in a puddle of water, the way an EV's body structure could fracture while being cut and the basics of electricity flowing through a circuit. It also discusses a few pertinent questions: How do the two electrical systems (12V low-voltage system and the high-voltage powertrain system) affect first responders trying to cut their way into the passenger cabin? Do first responders know all of the different ways an EV tells you if it is currently receiving a charge when it is plugged in? How can you locate the different types of batteries? There's lots here that applies to all EVs in the 37-minute video, not just the Model S, so if you want to know more about how safe - or unsafe - they are after an accident, watch the whole thing below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Auto News Green Tesla Safety Electric Videos first responder