Sunday, October 03, 2021 11:54:42 AM
TESLA STOCK HEADED TO $3000.00 USD PER SHARE SOONER THAN ARK INVEST PREDICTION OF 2025.
Tesla bull and ARK Invest CEO Cathie Wood has finally revealed what price $TSLA stock would have to hit for her investment firm to unload its shares of the electric automaker’s stock.
During the Morningstar Investment Conference on Wednesday, Wood began to discuss what it would take for ARK to scrap its holdings of $TSLA stock.
“If nothing were to change in our outlook and we got to $3,000 next year, my guess is that we would be peeling out of it,” Wood said, via Bloomberg News. The $3,000 price target was set by ARK on Tesla stock in March. “This project is our base case for TSLA’s stock price in 2025 based on our Monte Carlo analysis,” ARK analysts wrote in their most recent breakdown of Tesla in March. The astronomical price target was supported by ARK’s view that Tesla’s general product line will begin to expand, supported by increased manufacturing capabilities as the company builds more Gigafactories. Additionally, Tesla’s in-house insurance program, which is set to expand to Texas as soon as next month, also boosted ARK’s outlook by $60 per share.
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