Ark tesla price target. Arks conviction in tesla has held strong through a myriad of. Cathie wood founder ceo and cio of ark invest updated her bullish base case for tesla to reflect a price target of 7000 by 2024. Based on arks research at an average selling price of 50000 teslas ev revenue could total 85 billion at 17 million units and 150 billion at 3 million respectively in 2023.
Tesla could go even higher than our 4000 price target says fund manager cathie wood. Tesla remains the top. Cathie wood founder ceo and cio of ark invest updated her bullish base case for tesla to reflect a price target of 7000 by 2024.
Ark which has a 04 stake in tesla and is the 31st largest. Note that user inputs will adjust the probability at which each scenario occurs while using arks estimated price targets for each probability weighted scenario in column h to calculate bull bear and probability weighted average price. The firm does not compile a five year target.
They had assumed that teslas 17 market share for electric cars would decrease to 11. They now believe tesla will not lose market share. With that wood discusses the key factors that will continue to.
Keeney said ark has been taking profits in tesla stock during its. Read arks blog with further explanation of our assumptions and thoughts on tesla here httpsark invest. That 4000 target also bakes in what.
Keeney said her bull case price target for tesla is 15000 by 2024 based on its opportunity for revenues. If everything goes right for the elon musk led tesla its share price could be worth 15000 in just a few years according to ark invest. With that wood discusses the key factors that will continue to.
Ark invest is increasing its 5 year tesla price target to over 6000 per share. Tesla shares fell slightly to around 827 in friday afternoon trading. They are now assuming that 37 million electric cars trucks and suvs will be sold in 2024.