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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.

Has Tesla's fire chilled the battery car market?

The nascent battery-car market just might be short-circuiting.
If this year is average, about 194,000 vehicles will catch fire before the ball drops in Times Square. And, for the moment at least, just one of them will have been a Tesla Model S. Of course, it didn't help that a passerby happened to catch that blaze in the Seattle suburbs earlier this month, quickly posting the video on YouTube (you can watch it yourself below).

Watch the Jaws of Life tear apart a Tesla Model S

As electric vehicles become more prevalent on the roadways, first responders are facing new - and sometimes unknown - challenges when it comes to intense tasks such as the extrication of passengers trapped inside a car. Advanced Extrication, an online training resource for rescue workers, recently posted a video showing how rescuers should respond to vehicles like the Tesla Model S.
The best way to do such a video, of course, is to actually demonstrate the process, so Tesla donated a new Model S just so the Fremont Fire Department could tear it to shreds as the host explains some of the unique dangers specific to electric cars. The unfortunate demo car looks like it just came off the assembly line, meaning it is completely intact to begin with, but we wonder if it would have been more interesting to see how firefighters deal with the car's wiring and DC-DC converter (and other high voltage components) when the vehicle structure has been compromised.
Either way, the entire 37-minute video (posted below) goes in depth showing what rescuers face as they deal with a growing number of EVs. Of course, if all you want to see is the business end of the Jaws of Life going to town on the Model S' subframe, you should skip to the 27-minute mark.