Tesla Inc’s share price is forecast to hit $3,000 by 2025, according to Cathie Wood’s Ark Invest.
According to a research note published by Ark, Tesla’s market capitalization could cross $4 trillion in the best-case scenario. https://ark-invest.com/articles/analyst-research/tesla-price-target-2/?utm_content=158811501&utm_medium=social&utm_source=twitter&hss_channel=tw-2398137084 on friday.
Tesla’s price target by 2025 has been set at $1,500 per share on a bear basis and $4,000 per share on a bull basis, according to Ark Invest.
Last year, Ark Invest predicted that the company’s stock would reach $7,000 per share by 2024, or $1,400 when adjusting for the company’s five-for-one stock split.
Tesla’s stock has risen 400 percent since last year, when Ark released its previous note on Jan. 31, 2020, to $654.87 as of Friday’s end.
Ark Invest has raised the likelihood of Tesla achieving fully autonomous driving within five years, estimating that the company’s net autonomous ride-hailing sales could reach $327 billion by 2025.
Tesla’s electric vehicle sales is estimated to be between $234 billion and $367 billion by 2025, according to Cathie Wood
Tesla is the biggest holding of the $26.6 billion ARK Tech exchange-traded fund, and fund director Wood, the fund’s CEO, has been a lifelong Tesla bull.