Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Tuesday, July 16, 2013

The Delorean of the 21st Century - Tesla shares fall on sales growth worries

This is an electric toy for men in menopausal crisis that will need a long extension cord. m/r

Tesla shares fall on sales growth worries - Yahoo! News
-7-16-13- full short post

NEW YORK (AP) -- Shares of Tesla Motors Inc. tumbled Tuesday on worries about just how much the electric car company's sales can grow.
THE SPARK: In a note to investors looking at the overall automotive industry, Goldman Sachs analyst Patrick Archambault set a price target for Tesla stock of $84, well below the $127.26 the shares closed at on Monday.
THE BIG PICTURE: Shares of Tesla, based in Palo Alto, Calif., have soared in recent months, boosted by positive sales data for its Model S sedan. Its share price has nearly quadrupled since the start of this year.
The company currently sells only the $70,000 vehicle, but its "X'' SUV is slated for the second half of 2014 and the "Gen III," which will be half the price of the Model S, is set to hit the road in three or four years.
THE ANALYSIS: Archambault said Tesla could sell as few as 105,000 vehicles, which could make its stock worth $58, or as many as 200,000, which could push the stock to $113.
Averaged along with a more moderate prediction of 150,000 vehicles, which would imply a price target of $83, Archambault came up with his current price target of $84.
THE SHARES: Down $11.44, or 9 percent, to $115.82 in heavy midday trading after dropping as low as $114.61 earlier in the day.
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