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All Posts Term: Tesla
2 post(s) found
Technology

Why Runaway Stories Get Built

Tesla_Model_S_Indoors_trimmed

Professor Aswath Damodaran, based at New York University's Stern School of Business, recently participated in a Google discussion session which focused on the value of using stories in business. The discussion centered on how businesses value their stocks by having a compelling story that justifies its financial assumptions.

Professor Damodaran explained how stocks can become runaway stories, which is basically a story that investors firmly believe in. This may lead to them avoiding asking important questions about the company.

He used Tesla Inc (TSLA) as an example of a runaway story, explaining how he had written an analysis of the company in September 2013, in which he estimated Tesla's stock value to be only $67.12 per share even though it was trading at over $168 per share at that time.

Market NewsTechnology

Analyst Predicting a 30% Increase in Tesla Stock

tesla

Tesla stock (TSLA) has done well over the past three months and beaten the overall market this past year. Yet analyst at Baird felt the stock could improve an additional 30% this year while keeping their current rating of a buy on the stock. This relates to a move from the current $275/share to $335.

The shareholder meeting tomorrow is one thing the company feels could propel the stock higher. CEO Elon Musk tends to make big announcements about new products and company direction at this meetings. Last time Musk announced that he would stay at the helm of the company for at least 4 more years and spoke about the direction of the company towards automatic driving.

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