Cathie Wood’s Arkie Management expects Tesla Inc. stock. hitting $ 3,000 by 2025, up from its current price of $ 655. At that price, the company was worth nearly $ 3 trillion, based on the number of outstanding shares.
Ark expects Tesla to have a 50% chance of achieving fully autonomous driving within five years, which could allow the company to roll out its planned robotaxi service its scale sharply, according to a note Friday on the Ark website.
It also added Tesla’s insurance business to its model, believing the offer could be rolled out to more states in the next few years with better-than-average margins, thanks to “Very accurate driving data” that the company collects.
Wood has been among Tesla’s strongest backers, holding the company heavily in its core assets. When Tesla shares saw a pullback in February, she said bought more.
The $ 3,000 target is long
According to Ark’s new model, in the best case scenario, Tesla could reach $ 4,000 per share in 2025, and in the bear case, $ 1,500. The company predicts that Tesla unit sales will be between 5 million and 10 million vehicles in 2025, assuming greater capital efficiency.
The model did not include convenience energy storage or Tesla’s solar industry, nor did it consider future price changes for Tesla. Bitcoin possession.
Barron’s announced the price target earlier.