jeff osborne, thank you for joining us tonight.u finally hit that jackpot, you don't want to waste your time at the steering wheel. bloomberg reporters test drove 10 sedans to see which rare amenities package would be the best to be chauffeured in curricular line. caroline: was this your favorite? romaine: it was actually, the biggest of the three and also the most expensive. this is the phantom. $550,000. joe: when you get a chauffeur to work, what is the key thing to have? romaine: i was brought to work in a honda accord. we got to talk to the bosses about this. they do not have two seats in the background. they are called two thrones that include massaging, heating, and reclining. caroline: what i like that was put into great focus by these reporters, what champagne each one had. i need several. only one champagne cooler. bentley one of three optional bottles. i need that bentley i think. the maibach has a small refrigerator but they have silver flutes. joe: the only amenity in the back i need is an iphone charger. to me, that i

joining us, research analyst and managing director jeff osborne second lowest price target on the streetla looks like you basically expect shares to fall more than 25% from here. jeff, good morning you seem to say that tesla didn't do anything to address this issue of demand slow down, they should have updated the models s and x what do you think last night was really about and why the stock is responding this way >> the event was pitched as a model y reveal i think people were disappointed in the model 3 design. it looks like a jacked up model three. very cramped space wasn't really any indication where the vehicle will be made, any sense of cash needs to ramp up a manufacturing facility for it the other key point is that the deposit of $2500, past vehicles was a thousand that begs the question of a cash crunch on the company. the vehicle in general was underwell amming >> tesla doesn't have a brand rival in electric vehicles if you think of high quality, high visibility electric vehicles, it is tesla. how much of this $200 price target on the stock assumes that that's still the case in