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“Tesla Will Achieve Fully Autonomous in 5 years” Cathie Wood’s Ark Says

Tesla Will Achieve Fully Autonomous in 5years
Photographer: Valentin Flauraud/Bloomberg via Getty Images

According to a Friday note on Ark’s website, there’s a 50% probability Tesla will achieve fully autonomous driving within five years, allowing the company to rapidly scale its planned robotaxi service.

It also incorporated Tesla’s insurance business into its model, thinking that, thanks to the company’s “highly detailed driving data,” the offering could be expanded to more states in the coming years with better-than-average margins.

According to Ark’s new model, Tesla should exceed $4,000 per share in 2025 in the best case scenario, and $1,500 in the worst case scenario.

Tesla’s unit sales are expected to be between 5 million and 10 million cars in 2025, according to the company, assuming improved capital productivity.

The $3,000 target is considerably higher than any analyst covering the firm, with the highest estimate assembled by Bloomberg being $1,200.

Tesla Inc. stock is expected to reach $3,000 by 2025, according to Cathie Wood’s Ark Invest Management, up from its current price of $655. Based on the number of outstanding shares, the company would be worth nearly $3 trillion at that price.

Tesla shares gained more than 740 percent last year, the best achievement on the S&P 500, thanks to ardent backers.

In January, Elon Musk, the company’s CEO, became the world’s wealthiest person, surpassing Jeff Bezos.

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Nasiru Eneji Abdulrasheed Is a Forsige breaking news reporter and editor, covering Europe, Africa, and the U.S. from Abuja.

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