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There's no greater divide than the Tesla stock gap

Bloomberg
Bloomberg5/16/2022 10:01 PM GMT+08  • 3 min read
There's no greater divide than the Tesla stock gap
Analysts' price targets range from US$250 to US$1,620 / Bloomberg
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Tesla Inc looks more than ever like a mature company, with 11 consecutive quarters of profits and long-term production goals. Yet analysts couldn’t disagree more about where the shares of Elon Musk’s company are going.

Their price targets -- predictions for the electric-vehicle maker’s stock 12 months from now -- range from a low of $250 to a high of $1,620, according to data compiled by Bloomberg. That’s the widest gap of any company in the S&P 500 Index. Tesla closed at $769.59 Friday.

“It is so hard to value Tesla because some see it as a tech company getting involved with some massive addressable markets: autonomy, EV, robotics and energy,” said Gene Munster, a former technology analyst who’s now a managing partner at venture-capital firm Loup Ventures. “Others see it as just another car company. And based on which side of the coin you fall on, influences your view.”

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