“ARK's price target for Tesla is $2,000 per share in 2027, with bear and bull cases valued between ~$1,400 and $2,500 per share; Tesla's prospective robotaxi business line is a key driver, contributing 67% of expected enterprise value and 64% of expected EBITDA in 2027.”
Founder, CEO and CIO of ARK Invest
Said Apr 2023Deadline Dec 31, 2027ARK Invest valuation model, 'ARK's Expected Value For Tesla In 2027: $2,000 Per Share' (April 2023)
Resolves at the end of 2027; ARK has since rolled the model forward to a $2,600 2029 target, and Tesla has yet to operate a material driverless ride-hail business.