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Excerpt from The Wall Street Journal -- “'You can accuse me of being too pessimistic in my assumptions, but the narrative that underlies my valuation is an optimistic one,' Mr. Damodaran said in a blog post summarizing his findings. 'I am assuming that Tesla will grow to be as large as Audi, while delivering operating margins closer to Porsche’s. Even with these assumptions, I cannot see a rationale for buying the company at today’s market price, but that is just my personal judgment.'”

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