Hyperdrive
Wall Street’s Dilemma: What Are Tesla’s Shares Worth?
- Wide disparity in price targets highlights valuation struggle
- Tesla can be valued as climate-change innovation ETF, MS says
This article is for subscribers only.
For all the headline-making drama surrounding Elon Musk and his brainchild Tesla Inc., investors were rewarded handsomely for their patience this year.
Now that the company is maturing into blue-chip status with its addition to the S&P 500 Index this month, what happens next may boil down to some simple questions: What type of company is Tesla exactly? And how should the stock be valued? Wall Street’s answers, however, are wildly different -- Goldman Sachs has a price target of $780, while JPMorgan Chase’s is $90.