If you want to evaluate the quality of Goldman's research analysis on its own merits, this blog post picks out the core of the valuation argument (from mere hou

If you want to evaluate the quality of Goldman's research analysis on its own merits, this blog post picks out the core of the valuation argument (from mere hours before the IPO announcement)... http://www.zerohedge.com/news/2016-05-18/goldman-compares-tesla-ford-model-t-upgrades-company-buy-250-price-target http://www.zerohedge.com/news/2016-05-18/goldman-compares-te... The only way they get from a $125 base case to the final $250 valuation is by assigning a disjoint probability to the idea that even if Musk doesn't build Steve Jobs-level hype, he would build Maytag Repairman-level hype around electric vehicles; therefore, they can double the probability that there is an above-fundamentals scenario. Whether or not a wall was broken, this is kind of ridiculous. (And, regarding walls: http://www.cnbc.com/id/100774459 http://www.cnbc.com/id/100774459)