Tesla Stall Shows Analyst Rift on Stratospheric Valuation
- One analyst sees it rising to $1,200, another tumbling to $150
- Competitive threats build after meteoric 2020 stock surge
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Few companies have been as polarizing on Wall Street as Tesla Inc. -- and the lackluster run that’s weighed on the S&P 500 Index this year has done nothing to lessen it.
To Piper Sandler & Co.’s Alexander Potter, the company’s potential dominance of the electric-car business warrants a $1,200 stock-price target, nearly double its $679.70 close on Wednesday. To Craig Irwin of Roth Capital Partners, as rivals move to pick off a head start that turned Tesla into the world’s most highly valued car company, the stock will sink to $150.