In the fall of 2015, Tesla was trading at around $250/share. Provide a full set of forecast financial statements out at least 10 years into the future and an associated valuation model to try and reverse engineer this valuation. Use a cost of equity of 8% and a valuation date of 9/17/2015. Do you think that the valuation is reasonable? If not, provide a more reasonable valuation. (Note: you may use eVal for this question, but you are not required to do so).