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- Elon Musk tweeted late Monday that he was “excited to work with Silver Lake and Goldman Sachs” in his plan to take Tesla private.
- Goldman Sachs’ analyst is one of the most bearish Tesla analysts on Wall Street, with a “sell” rating and $ 210 price target — 40% below where shares are trading.
- Companies generally favor banks whose analysts rate them favorably.
- Musk is no stranger to hating Tesla bears, and interrupted two analysts with “sell” ratings on the company’s first-quarter conference call.
- Follow Tesla’s stock price in real-time here.
Elon Musk hasn’t been one to hide his disdain for Tesla skeptics on Wall Street.
But when it came time to hire bankers to advise him on taking the company private, the Tesla CEO enlisted a bank home to one of the most bearish Tesla analysts on Wall Street. Goldman Sachs’ automotive analyst David Tamberrino has had a “sell” rating on the stock since February 2017.See the rest of the story at Business Insider
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