Are Tesla’s shares worth $90 or $780? Wall Street can’t decide

FILE PHOTO: A Tesla Supercharger station is seen in Dietikon, Switzerland October 21, 2020. REUTERS/Arnd Wiegmann/File Photo

FOR ALL the headline-making drama surrounding Elon Musk and his brainchild Tesla Inc., investors were rewarded handsomely for their patience this year.

Now that the company is maturing into blue-chip status with its addition to the S&P 500 Index this month, what happens next may boil down to some simple questions:

What type of company is Tesla exactly? And how should the stock be valued?

Wall Street’s answers, however, are wildly different -- Goldman Sachs has a price target of $780, while JPMorgan Chase’s is $90.