Tesla shares surging more than 85
percent in six months and Piper Jaffray
thinks it's going even higher they raise
their price target today to 423 dollars
and they say quote nobody else comes
close it's a must own stock nobody on
this desk thinks that's true there's
nobody else doesn't have right now is a
factory so that's a problem in the auto
industry a lot of people are saying not
going to happen well you know I think
people at this point or to be a little
bit more optimistic about the future of
Tesla because we've confounded the
critics at every turn so at a certain
point people have to get get tired of
being wrong fifteen hundred people very
expensive cars as a small step yes but
the biggest impact of the road says
really isn't changing the perception of
what an electric car can be phase two
which we're seeing now is the Model S
and that's mid-priced mid-volume
and then phase three is the high volume
low priced car goal with the Model S is
to have a performance version one less
that is the fastest down on the road
yeah are people surprised by that I
think most people think of they think of
electric cars they think of golf carts
you know sort of golf cart
what is the Model S it's about breaking
a spell the world has been under this
illusion that electric cars cannot be as
good as gas in a factory the best car in
the world just in two markets over the
last seven years ago and today in what
manufacturers have on the road or have
announced nothing is matching the 2012
summit our companies have their eyes set
on Tesla as Ford Nissan and GM are all
rolling out big plans for the electric
car market global competition
is coming this out EE Tron is not a big
surprise we've known it was coming for
the last two and a half years
Mercedes is gonna have what BMW Porsche
is gonna have a four-door sedan with a
300 mile range General Motors has
announced 20 different electric vehicle
models Tesla has no advantage no
technological advantage no software
advantage no battery of men no
advantages whatsoever Jim Cramer
yesterday said I'm not sure that Tesla
has a business plan that's going to work
it's not a smart investment start with
Tesla because I need you to understand
what converted me from the night yeah
stick skeptic to and submit it's just an
unbelievable experience with some people
with two different ones this weekend I
give up I mean the car is too damn great
CEO of Tesla on a big day here at Nasdaq
Tesla now trading publicly listening at
$17 a ship just continually just look at
the balance sheet amen I can't take it
anymore if everybody in my family wants
when I'm done no I can't fight this I
can't fight this we want people to know
that whatever says that comes out with a
product it'll be something that we we
think is gonna be a maze ever stop
fighting forward be at the end customer
that's that's the best who are really
trying
until we see every con word being
electric you know we will not stop did
you think I need to pack this soon
though
why not
I never give up I mean I'd have to be
dead or living faster
Thank You fortune and she everything
yeah I would have ended up owing money
if Tesla's gone back right and another
year or two we'll see a movie called who
killed Tesla how many times along the
way people have nice eyes haven't they
I guess there's certainly been a lot of
attacks it's become obvious to a lot of
the entrenched interests that that Tesla
and SpaceX are not gonna die they
thought well they're just basically
ignored us all after us now we're
actually starting to make real inroads
and they're treating us as a real threat