Is Tesla Stock Worth $50 Or $500?
Shortly after Tesla Motors reported its Q1 earnings, new forward-looking projections were released.
These projections are now so diverse that some scenarios see Tesla stock at $504 in 2019, while others put the stock at only $48 in 2019.
Market Watch presented its bull and bear scenarios for Tesla Motors:
“Under our bullish scenario, in 2019, Tesla can earn $18 per share and trade at a P/E (Price-Earnings Ratio) of 28. This puts the stock at $504.”
“Under our bearish scenario, in 2019, Tesla may earn only $3 and trade at a P/E of 16. This puts the stock at $48.”
Even Market Watch has no clue as to which scenario will play out to be true for Tesla Motors:
“Obviously, there is no way to know with certainty which scenario will come true. For most stocks that we analyze, there is not such a large divergence between the bullish scenario and the bearish scenario. The size of the divergence indicates that this is a high-risk/high-reward situation.”
*InsideEVs is not a financial site. We do not provide financial advice or guidance. Market Watch is a financial site, but even they seem unable to provide sound financial advice in relation to Tesla Motors.
Source: Market Watch