“ARK's price target for Tesla is $2,600 per share in 2029, with bear and bull cases valued between ~$2,000 and $3,100 per share; nearly 90% of Tesla's enterprise value and earnings will be attributed to the robotaxi business in 2029, while electric vehicles approximate a quarter of total sales and ~10% of earnings potential.”
Disruptive-innovation asset manager led by Cathie Wood; research team including Tasha Keeney, Sam Korus and Daniel Maguire
Said Jun 12, 2024Deadline Dec 31, 2029ARK Invest open-source Tesla valuation model, 'ARK's Expected Value For Tesla In 2029: $2,600 Per Share', 12 June 2024
Resolves on Tesla's share price in 2029 against the $2,600 expected-value case (bear ~$2,000 / bull ~$3,100); the robotaxi-dominated earnings mix is a secondary check.