Tesla’s current fundamentals don’t support a valuation ‘anywhere close’ to $420, one bear says (TSLA)

Tesla said Tuesday it will attempt to go private at $420 per share, or an $81 billion total valuation.
Bears like Cowen say that the company's current fundamentals don't support the price proposed by CEO Elon Musk.
Shares of Tesla rose more than 10% Tuesday on the news.
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Tesla’s skeptics still aren’t convinced.
In a note to clients Wednesday, Jeffrey Osborne, an analyst at Cowen, said Tesla’s current fundamentals don’t su