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Cathie Wood's Ark expects Tesla stock to reach $3000 by 2025

Reuters2021-03-21

March 20 (Reuters) - Cathie Wood's Ark Invest said it expects Tesla Inc's share price to reach the $3,000 mark by 2025.

Ark expects Tesla's market capitalization to reach as high as $4 trillion in the best-case scenario, according to a research note published

on Friday.

The investment management firm set the price target for Tesla at $1,500 per share on a bear basis by 2025 and $4,000 per share on a bull basis.

Last year, Ark Invest said it expected the company's stock to hit $7,000 per share, or $1,400 when adjusted for its five-for-one stock split, by 2024.

From last year, when Ark published its previous note on Jan. 31, 2020, Tesla's stock rose as much as 400% to $654.87 as of Friday's close.

Ark Invest also increased the probability of the electric car maker achieving fully autonomous driving within five years, and said the company's net autonomous ride-hail revenue could be as much as $327 billion by 2025. It expects Tesla's electric vehicle revenue to reach between $234 billion and $367 billion by 2025.

Tesla is the largest holding of the high-flying $26.6 billion ARK Innovation exchange-traded fund and fund operator Wood, Ark's chief executive, has been a longtime Tesla bull.

(Reporting by Aakriti Bhalla in Bengaluru; editing by Jonathan Oatis)

((Aakriti.Bhalla@thomsonreuters.com;))

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论11

  • WoodFIRE
    ·2021-03-22
    Good
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  • potatochip
    ·2021-03-22
    Wow.. [思考] 
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    • Ddazes
      Tesla again?!
      2021-03-22
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  • jonbeloved
    ·2021-03-22
    Sure or not.
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  • Samsong
    ·2021-03-21
    Cathie Wood is seldom wrong...😅
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  • Hayz
    ·2021-03-21
    When everything fits together, but I think we should follow carefully now for buying opportunity if you believe in the company
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  • Jassss
    ·2021-03-21
    Wow, I like what I’m seeing. $3000!!!
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    • Someonelse
      Sounds far fetched but we never know nowadays anything is possible
      2021-03-21
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  • HoSayBo
    ·2021-03-21
    DCA more Tesla, it's a long term investment. [比心] 
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    • Jassss
      Yeah
      2021-03-21
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  • Poggers
    ·2021-03-21
    I wonder if this would impact the price in the short run [惊讶] [财迷] [贱笑] 
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    • Insatiable
      Hehe
      2021-03-21
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    • 红树
      let's see on Monday
      2021-03-21
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  • Werkohderkoh
    ·2021-03-21
    [哇塞] [强] 
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  • 红树
    ·2021-03-21
    Got me curious on how they value [惊讶] 
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  • 老鼠林
    ·2021-03-21
    got so high ah?!?!
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