Here's the full, damning remarks by $GS on $TSLA: "“TSLA has also made a few announcements regarding its sales strategy in the past two weeks — first announcing a move to online-only sales which was combined with expected store closings and reduction in sales staff, but then moved back on its communicated strategy and decided to temper the store closing expectations. We believe the initial decision was only made recently, as the company was still increasing its store count in 4Q18 (as noted in its earnings press release) and continuing to build out its reach to consumers; and the slight reversal may have been a reaction to initial discussions with landlords/REITs... And while the net price reduction (3% after the two announcements) is expected to be offset by store closure savings, this decision ultimately pressures gross margins and would leave lowered operating costs to offset it. Altogether, this further points to some waning demand for higher price vehicles — as the announced price reduction would not be likely coming from lower materials costs, improved manufacturing expenses, or lower transportation and logistics costs, but from reduced selling expenses.”"