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ARK Invest forecasts Tesla share price of $4,400 by 2031

BeInCrypto +1 ·

TSLA Tesla Inc
$368.06 +3.76%
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  1. 1ARK Invest presented an expected share price of $4,400 for Tesla by 2031.
  2. 2Robotaxis are expected to account for 80% of Tesla's enterprise value in 2031.
  3. 3This is 12 times the closing price of $368.06 on October 19.

So what's the key point?

ARK Invest stated that Tesla's stock price will reach $4,400 by 2031. This means the stock price will rise significantly as robotaxis account for 80% of the company's value.

Source BeInCrypto +1 · View original ↗

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