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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (169722)3/22/2021 11:10:28 PM
From: Julius Wong  Read Replies (2) of 217620
 
ARK's Price Target For Tesla In 2025
Mar. 22, 2021 1:44 AM ET TSLA 40 Comments10 Likes

Summary

Last year, ARK estimated that in 2024 Tesla's share price would hit $7,000 per share, or $1,400 adjusted for its five for one stock split.

Based on our updated research, we now estimate that it could approach $3,000 in 2025.

ARK estimates that Tesla could achieve better than average margins on insurance thanks to the highly detailed driving data it collects from customer vehicles.

Relative to Progressive's 13% EBIT margin in 2019, ARK estimates that Tesla could achieve margins close to 40%.

In our last valuation model, ARK assumed that Tesla had a 30% chance of delivering fully autonomous driving in the five years ended 2024. Now, ARK estimates that the probability is 50% by 2025.

By Tasha Keeney, CFA, Analyst for ARK's Autonomous Technology and Robotics strategy

Read more at
seekingalpha.com
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