We're Concerned About Tesla's Valuation: S&P's Levy

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Nov. 14 (Bloomberg) -- In today's Triple Threat, Bloomberg's Matt Miller and Bill Maloney and S&P Capital IQ's Efraim Levy discuss the outlook for Tesla Motors. They speak with Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)

With all of this?

He is not giving an inch when it comes to the product.

The biggest story is the fires.

They have all been caught on video.

Musk says it is definitely not going to be a recall even though it is up to nhtsa.

Nhtsa gave the car its best safety rating ever.

It seems like it was the right call it does no one has ever been injured in a tesla accident, at least not anyone who was inside a tesla.

It does seem to be fairly safe.

One fire for every 8000 cars built.

This is "street smart." earnings are up 100% this year.

They are going to be up three times next year.

You have to sell.

Why?

We think they are executing well.

They are doing a good job.

We are concerned about valuation.

You are paying up front for what is good news several years out.

There is a risk that they will not reach those ends.

Trading at 86 times 2014 earnings.

That is a little too rich for you.

Close to almost a triple digit number.

That is not something we are comfortable with.

As you take a look at the chart, what sort of downside do you see?

At what point do you see him getting excited on the chart?

When the stock was $180, the charts were looking negative.

We have added downtrend since september.

We are below the 50 day and 100 day moving averages.

If someone really needs to own this stock, the potential injury point might be around 100 windy nine dollars or $130. if you really need to own the stock, maybe around 129 or 130. $106. does that start to get you interested?

The starting price was 140. it has been around that range.

You did not want to get whiplash from changing your opinion.

Thanks guys.

Less than 50 days left to

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