There’s No Greater Divide Than the Tesla Stock Gap
- Analyst price targets range from $250 to $1,620 a share
- Its shares have climbed more than 22,000% since its 2010 IPO
Tesla is priced at 58 times estimated earnings for the next year.
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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.