Summary

  • You’ve not met Aswath Damodaran? Allow me to introduce you.
  • Damodaran lays bare the many follies & misdeeds behind the TSLA-SCTY fairness opinions.
  • In the Tesla fairness opinion kitchen, Goldman Sachs wrote the recipe, furnished the ingredients, and supplied the spoon; Evercore and Lazard merely stirred the pot.
  • Goldman Sachs has been consistently wrong in forecasting Tesla performance, and (very quietly) already has slashed the 2017 revenue forecast it gave Evercore and Lazard.
  • Ben Kallo stops by with an important reminder for us all.

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