AUTO PUNDITZ
  • Team Auto Punditz

Tesla sets a new price target for its shares: $3,000

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

Ark Invest Management also expects that there is a 50% chance of Tesla achieving fully autonomous driving within five years. This would allow the scale-up of its planned robotaxi service quickly, according to a Friday note on Ark’s website.