Cathie Wood's ARK Now Sees Tesla at $4,400 a Share by 2031
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4 Articles
Cathie Wood's ARK Now Sees Tesla at $4,400 a Share by 2031
The post Cathie Wood’s ARK Now Sees Tesla at $4,400 a Share by 2031 appeared first on 24/7 Wall St.. Tesla (NASDAQ:TSLA) closed at $368.06, while Wall Street’s average price target sits at $397.83, a gap of about 8.1%. Cathie Wood’s ARK Investment Management sees something far larger. Its updated open-source valuation model puts Tesla at $4,400 a share in 2031 under its base case. That is nearly 12 times the current price and about 1,095% above …
An Ark Invest forecast quoted by Yahoo Finance puts Tesla's value at $4,400 per share for 2031, with an upward scenario of $5,000 and a bass player of $3,300. The thesis assigns a central role to robotaxis and contemplates the growth of Optimus, although these are long-term projections, not assured results.
ARK Invest's updated model attributes 80 percent of Tesla's 2031 corporate value to robotaxis and projects $4,400 per share. Third-quarter earnings are due October 21st.
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