Photographer: Alex Flynn / Bloomberg
Photographer: Alex Flynn / Bloomberg
Cathie Wood’s Ark Invest management expects Tesla Inc. shares. $ 3,000 by 2025, up from $ 655 today. At that price, the company would have a value of almost 3 trillion dollars, based on the number of shares outstanding.
Ark expects Tesla to have a 50 percent chance of fully self-driving within five years, which could allow the company to quickly scale its planned robotaxi service, according to a note Friday on the website Ark.
He also added the Tesla insurance business to his model, believing that the offer could be launched in several states in the next few years, with better-than-average margins, thanks to the “highly detailed management data” the company collects.
Wood was among Tesla’s most beloved supporters, holding high stakes in the company’s flagship fund. When Tesla shares saw a retreat in February, she bought more.
The $ 3,000 target is far away
According to Ark’s new model, at best, Tesla could reach $ 4,000 per share in 2025, and in the case of the bear, $ 1,500. The company estimates that sales of Tesla units will be between 5 and 10 million vehicles in 2025, implying increased capital efficiency.
The model did not incorporate Tesla utility storage or the solar business, nor did it take into account future price fluctuations for Tesla. Bitcoin holdings.
Barron reported the price target earlier.