Tesla: Ark Investment sees stock at 3,000 dollars in 2025
(CercleFinance.com) - Tesla's stock rose more than 4% on Monday on the New York Stock Exchange, boosted by comments from the New York investment firm ARK Investment, which sees the stock approaching 3,000 dollars by 2025 (current price: 679 dollars).
ARK, which specialises in investing in companies that embody "disruptive innovation", says it reached its target price based on the "Monte Carlo" simulation model, which incorporated 34 variables and some 40,000 possible outcomes.
Amongst the assumptions formulated by ARK Investment are the prospect of sales of between five and 10 million vehicles in 2025, and even the Californian group's launch of its own insurance offer.
The investment firm also says it is considering the introduction of a chauffeur-driven car service (VTC) and the possibility that Tesla's cars will be fully autonomous by 2025.
Finally, its best-case scenario - which results in a share price of 4,000 dollars in 2025 - includes the prospect of launching a "robotaxi" service.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
ARK, which specialises in investing in companies that embody "disruptive innovation", says it reached its target price based on the "Monte Carlo" simulation model, which incorporated 34 variables and some 40,000 possible outcomes.
Amongst the assumptions formulated by ARK Investment are the prospect of sales of between five and 10 million vehicles in 2025, and even the Californian group's launch of its own insurance offer.
The investment firm also says it is considering the introduction of a chauffeur-driven car service (VTC) and the possibility that Tesla's cars will be fully autonomous by 2025.
Finally, its best-case scenario - which results in a share price of 4,000 dollars in 2025 - includes the prospect of launching a "robotaxi" service.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.