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Tesla (TSLA) is the most polarizing company I have seen in my nearly two-decade investing career. On one hand are the skeptics who see the stock as highly overvalued, while the bulls believe that Tesla would eventually become the world’s biggest company.
The divergence in Tesla’s target prices speaks for itself. GLJ Research analyst Gordon Johnson—the most vocal Tesla bear—values the stock at $25.28, which is by far the lowest among all sell-side analysts. On the other hand, Wedbush analyst Dan Ives has a Street-high target price of $600 on the Elon Musk-run company. The wide gulf between the most bullish and bearish voices on Wall Street cannot be starker and is big enough to easily fit Amazon (AMZN), a $2.3 trillion company and the world's biggest company by revenue, in between. We are not even talking about ARK Invest’s mid-range target price of $2600 on Tesla that the Cathie Wood-run company expects the stock to hit in three years.