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.


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December 30, 2013 at 6:49 am PT

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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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work