Goldman has it wrong. I actually would like to see Tesla hold more of it's own stock. The more stock that increases in wealth, the more solvency the company can enjoy.
July 6, 2017
By Luke Stangel
...On Wednesday night, (click here) the Insurance Institute for Highway Safety (click here) said the Tesla Model S earned an “acceptable” safety rating in the small overlap front test, which simulates a car’s driver-side hitting a tree or utility pole.
“The main problem with the performance of the Model S was that the safety belt let the dummy's torso move too far forward, allowing the dummy's head to strike the steering wheel hard through the airbag,” the Institute said in its report.
Tesla is putting too much faith in the air bag. The seat belt needs to be adjusted to prevent forward movement. Put it on the computer. The seat belt has to prevent injury to the point where the air bag is reached.
Air bags have been known to prevent death with passengers that are without a seat belt, but, they still sustain injury and sometimes significant injuries; broken bones, but, no internal injuries. It is important the air bag perform well and surpasses expectations.
Everyone wants an air bag without consequences because they deploy with great force, but, it is not possible. That is why the seat belts are so very important. Seat belts save lives and prevent injuries with the assistance of the air bag.
Tesla disputed the findings, saying the Model S has a top safety rating from the National Highway Traffic Safety Administration.
Earlier this week, Tesla said it delivered a little more than 22,000 vehicles in the second quarter, short of Wall Street’s expectations. The company blamed “a severe production shortfall” of 100 kilowatt-hour batteries.
It is a really awesome battery. It has it's own cooling system. Some say it doesn't deliver 100 kWh. That is probably true, however; it is not like the previous batter that was 85 kWh that only delivered around 81 kWh; it delivers 102.4 kWh.
So, the battery production has slowed to meet demand. I thought shortages because demand is up is a good thing. I don't really see this as a problem. Don't know why Goldman does. They are wrong.
The news comes as the company prepares to deliver the first Tesla Model 3’s to customers. CEO Elon Musk says he wants the company to deliver 20,000 Model 3 cars per month by December.
Meanwhile, Goldman Sachs analyst David Tamberrino issued a pessimistic note to investors, saying the firm was dropping its six-month price target on Tesla from $190 per share to $180 per share.
Goldman, "bah, humbug."
“We remain sell rated on shares of TSLA where we see potential for downside as the Model 3 launch curve undershoots the company's production targets and as 2H17 margins likely disappoint,” Tamberrino wrote, according to CNBC.
Despite this week’s sell-off, Tesla shares are up 48 percent from this time last year.
