- Tesla reached a $100 billion market capitalization Wednesday, a record for the company.
- Some analysts think Tesla's bull run is just getting started, while others think it's set to unravel.
- Here's what three Tesla analysts say about Tesla, and the path they see ahead.
- Watch Tesla trade live on Markets Insider.
- Read more on Business Insider.
After Tesla reached its highest market capitalization ever Wednesday, the question is now whether the bull run can continue.
Tesla reached a $100 billion market capitalization in early trading on Wednesday, sparked by a Tuesday call from Pierre Ferragu of New Street that Tesla shares will hit $800 in the next 12 months. Shares were trading at $570.88 as of 2:33 PM Wednesday.
Ferragu's call is the most bullish of anyone on Wall Street's, but many Tesla equity analysts have notched up their price targets for Tesla since October, when the firm surprised The Street with a profitable earnings report. Since then, solid vehicle delivery numbers and positive outlook for Tesla's Gigafactory in China fueled analyst optimism around the stock.
But not all analysts agree that Tesla, currently the most highly valued US automaker of all time with a market cap larger than Ford and GM combined, can keep its bull-run going. And some actually see Tesla's stock unravelling to a fraction of its current share price within the year.
One test of these predictions will come in a week, when the electric-vehicle maker is set to announce fourth-quarter earnings. Ahead of that announcement, here are three different paths forward analysts see for Tesla, and why:
