Tesla shares will rise in price fourfold, “if the company does really well.” Elon Musk agrees with the forecast of Ark Invest

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Elon Musk agrees with analysts at Ark Invest that Tesla shares will rise to $ 3,000 “if the company does really well.”

The CEO often commented on Tesla’s stock price, but in 2020, when Tesla’s stock hit a new high, Musk told his millions of Twitter followers that he thought the stock price was “too high.” This led to a drop in Tesla shares, although they are now worth significantly more than they were at the time of that comment.

Tesla is currently trading at $ 733 per share, and the automaker is the most valuable auto company in the world with over $ 730 billion in capital. Ark Invest believes Tesla could be worth a lot more.

Tesla shares will rise in price fourfold,

At the same time, Ark Invest is a major shareholder of Tesla through its investment funds. The company said last week that Tesla’s stock price will be $ 3,000 by 2025. In its forecast, Ark Invest believes that Tesla will deliver 5 to 10 million vehicles by 2025. That being said, Tesla is likely to deliver less than 1 million vehicles this year.

Elon Musk shared with the staff a new $ 3,000 forecast from Ark, which he commented: “I agree with the forecast of Ark Invest. If we do really well. “

A share price of $ 3,000 will raise Tesla’s valuation to $ 3 trillion and make it the most valuable company in the world. However, the first to reach this mark may be Apple, which has a market value of $ 2.55 trillion.

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