2013 Tesla Model S Performance Sedan 4d on 2040-cars

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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 will build first Gigafactory in Nevada

After months of guessing, the location of the first massive Tesla battery plant should be announced around 24 hours from now. A joint press conference has been called by Tesla and the Nevada Governor's office for tomorrow afternoon and the subject is likely to be that the so-called Gigafactory will be built in Reno, NV. Reno was first confirmed as a serious candidate for one of the Gigafacatory locations during Tesla's most recent shareholder call at the end of July, when the automaker said it had broken ground on a potential location there. Speculation was swirling before that that Reno would be chosen first. Tesla wouldn't directly confirm what the subject of tomorrow's announcement would be, but did give AutoblogGreen a statement that said, "Tesla looks forward to joining Governor Sandoval and legislative leaders tomorrow in Carson City at 4 pm for a major economic development announcement." We'll let you decide. When it announced the $4-5-billion Gigafactory, Tesla said it would provide up to 6,500 jobs and make enough batteries to supply 500,000 Tesla electric vehicles a year, in particular the company's next vehicle, the lower-cost Tesla Model 3. Of course, Tesla also said it would not announce the location of the battery plant until "late 2014," so we'll take everything with a grain of salt for now. Recently, the California Budget Project suggested the five states in the running for the first Gigafactory should work together so as to not give too many tax benefits to Tesla. We should find out tomorrow how much Nevada "spent" to attract the new battery plant and a host of other details. **Media Advisory** Governor Brian Sandoval to Host Press Conference for Major Economic Development Announcement Contact Mari St. Martin Communications Director (702) 250-8210 mstmartin@gov.nv.gov Carson City, NV - September 03, 2014 Governor Brian Sandoval will host a press conference tomorrow, Thursday, September 4th, for a major economic development announcement. TIME: 4:00 p.m. WHAT: Press Conference WHO: TBD LOCATION: Capitol Building 101 Carson Street Carson City, NV 89701 MEDIA: RSVP to confirm location Press set-up to begin 30 minutes before press conference ### Office of the Governor . 101 North Carson Street . Carson City, NV 89701 . (775) 684-5670 Grant Sawyer State Office Building . 555 East Washington, Ste 5100 . Las Vegas, NV 89101 . (702) 486-2500

Tesla will expand Supercharger network across Europe

It's not as exciting as a new concept vehicle, but Tesla came to the Geneva Motor Show with its own bit of news: Europe will soon get more Superchargers, more Tesla stores and more service centers. More of the company's fast-charging stations means it'll be even easier for continental Model S drivers to get from the North Sea to the Mediterranean for free and without emissions. Tesla said it expects sales in Europe and Asia to nearly double North American Model S sales by the end of 2014. Tesla is getting ready for those extra sales by opening more than 30 new service centers and stores there. The number of Superchargers in Europe will grow fast enough so that, "By the end of this year, we expect you will be able to travel almost anywhere in Europe using only Superchargers," according to CEO Elon Musk. The company has talked about European expansion before, but there are only 14 Superchargers installed in Europe today. The company's expansion map shows growth happening by next winter, but doesn't give a predicted number of stations it will have in the ground by then. Tesla Commits to Further Expansion in Europe GENEVA, Switzerland, March 4, 2014 /PRNewswire/ -- New Supercharger locations and service centers enhance customer experience In order to serve a growing customer base in Europe, Tesla will open more than 30 new service centers and stores across the continent, the company announced today at the Geneva Motor Show. Tesla will also continue rapidly expanding its Supercharger network, allowing Model S drivers to travel long distances across Europe for free. The retail, service, and Supercharger expansions come as Tesla dials up its commitment to Europe, which continues to be a priority market for the company. In a recent trip to northern Europe to engage with customers, Tesla co-founder and CEO Elon Musk highlighted the rapid increase in the rollout of the company's Supercharger network for Europe. "By the end of this year, we expect you will be able to travel almost anywhere in Europe using only Superchargers," Musk said. In 2013, Tesla delivered 22,477 vehicles to customers worldwide. By the end of 2014, Tesla expects combined sales in Europe and Asia to be almost twice as high as sales in North America. Part of that projected growth will come from the UK, where right hand drive versions of the Model S will soon be introduced.