Climate Changed
Tesla Analyst Split Comes Down to Tech Believers Versus Car Guys
- Two Bernstein analysts can’t agree on where shares are heading
- One says it’s the next Apple, the other says too many risks
Chanos Says Tesla Stock Is Not Worth 'a Whole Lot'
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The Wall Street split on Tesla Inc. boils down to analysts who see the next Apple Inc. and those who perceive a lot more similarity with Studebaker.
Most of the seven analysts who rate the stock a buy are focused on coverage of technology companies, while a majority of the six who advise investors to sell are dedicated to automobiles, according to data compiled by Bloomberg and Sanford C. Bernstein & Co. While the tech folks are honing in on the potential for disrupting the century-old industry, those who concentrate on manufacturing efficiency and vehicle reliability see the stock’s valuation as out of line with reality.