I would call this one "respectfully sceptical." They are essentially intelligently reflecting the early stage of the market. Their cautions and criticisms are reasonable, they are just not the ones that those of us in the vanguard are overly worried about. While their praise of the Model S was evident, they did not really address its real strength and basis for hope-- that it is a truly aspirational vehicle. This appeal, which is real and not so limited as the appeal for the Karma, is what is driving the reservation count so high, so fast. They did not talk about that. Even Elon acknowledges that Tesla will not be "out of the woods" until they get their gross margin up, generate free cash flow, and become fully profitable some time next year.