Tesla Stock is Predicted to Exceed $3000 by 2025, According to Cathie Wood’s Ark

Tesla Stock is Predicted to Exceed $3000 by 2025

Tesla Inc’s share price is expected to surpass $3,000 by 2025, according to Cathie Wood’s Ark Invest.

According to a research note issued here on Friday, Ark expects Tesla’s market capitalization to reach $4 trillion in the best-case scenario.

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 the investment management company.

Last year, Ark Invest predicted that the company’s stock would reach $7,000 per share by 2024, or $1,400 when adjusted for the company’s five-for-one stock split.

Tesla’s stock has risen more than 400 percent since Ark released its last note on Jan. 31, 2020, to $654.87 as of Friday’s closing.

Ark Invest also increased the likelihood of Tesla reaching fully autonomous driving within five years, estimating that the company’s net autonomous ride-hailing revenue could reach $327 billion by 2025.

Tesla is the biggest holding of the $26.6 billion ARK Innovation exchange-traded fund, and its chief executive, Wood, has been a longtime Tesla bull.


Dive in!

Join millions of our readers worldwide and get special news coverage update directly sent to you for free.

We promise we’ll never spam! Take a look at our Privacy Policy for more info.

More Stories

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Homepage for World Breaking News

Forsige uses cookies to improve your experience. Are you OK with this? You can opt-out if you wish. Accept Read More

Privacy & Cookies Policy