Elon Musk says he’s hired Goldman Sachs to help take Tesla private — even though the bank’s analyst is one of the most bearish on Wall Street (TSLA)

elon muskMax Whittaker / Getty Images

  • 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

NOW WATCH: I woke up at 4:30 a.m. for a week like a Navy SEAL

See Also:

SEE ALSO: ‘A private life is a happy life’: Here’s what Wall Street is saying about Tesla’s plan to leave the stock market

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.