John Paczkowski

Recent Posts by John Paczkowski

Tesla Shares Run Into Bear, Shift Into Reverse

Tesla_stalledLooks like the high-speed run that spiked Tesla Motors’ stock price by more than 250 percent since January has finally hit a retaining wall.

Tesla shares fell more than 14 percent to about $109 Tuesday after a Goldman Sachs analyst said they were likely overvalued. According to Goldman’s Patrick Archambault, the electric car maker’s shares are worth about $113 apiece in a best-case scenario, and $58 in a worst-case scenario. That being the case, he slapped an $84-a-share target price on the stock, well below where it has been trading.

Bad news for Tesla, whose shares had soared to an all-time high earlier this week. Today the stock charted the biggest one-day drop it has seen since January 2012. The sell-off comes the same week Tesla joined the Nasdaq 100 index (replacing Oracle) and about a month before the company is scheduled to post second-quarter earnings.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik