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Cathie Wood’s Ark Has a New Price Target for Tesla: $3,000

Ark sees even chance of Tesla vehicles being fully autonomous
Price target would give Tesla almost $3 trillion market value

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By Yueqi Yang

March 20, 2021 at 5:11 PM UTC

Updated on

March 20, 2021 at 7:01 PM UTC

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Cathie Wood’s Ark Invest Management expects Tesla Inc. stock to hit $3,000 by 2025, up from its current price of $655. At that price, the company would be worth almost $3 trillion, based on the number of shares outstanding.

Ark expects there’s a 50% chance of Tesla achieving fully autonomous driving within five years, which could allow the company to scale its planned robotaxi service quickly, according to a Friday note on Ark’s website.