Tesla Sees Price Target Upped To $4,600 At Cathie Wood's Ark

Benzinga2022-04-15

Cathie Wood-led Ark Investment Management said on Thursday it expects $Tesla Inc(TSLA)$ stock to hit $4,600 by 2026, up from its current price of $985 a share.The popular stock picker had last year ...

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lizzy04
2022-04-15
lizzy04
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Tesla last year sold a little less than a million cars.Ark Invest sees Tesla’s 2021 average selling price of $49,000 slide lower to $38,000 by 2026 in a bullish scenario and about $30,000 in a bearish market.The report has also estimated electric vehicle revenue to be between $372 billion to $513 billion by 2026, and that autonomous ride-hailing revenue would be up to $486 billion. It estimated electric vehicle gross margins would be 34%, up from 27% last year.The model does not include other business opportunities such as Tesla’s humanoid project, energy business and its Dojo supercomputer as a service.Ark Invest And Tesla: A Tesla superbull, Wood’s money managing firm counts the EV stock among its top holdings. 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