Ark Invest Says Tesla Stock Could Reach $5,000 by 2031
JH Kim
Summary
- Ark Invest said Tesla (TSLA) stock could rise as high as $5,000 by 2031.
- Ark Invest set Tesla's 2031 price target at $5,000 under its bull-case scenario, and at $3,300 even under its bear-case scenario.
- The gap between Tesla's bull- and bear-case price targets is $1,700, and the firm said those are scenario-based estimates that could differ from the stock's actual performance.
Forecast Trend Report by Period
Ark Invest, led by Cathie Wood, said Tesla shares could climb as high as $5,000 by 2031.
In its 2031 outlook for Tesla released on Oct. 20, Ark Invest set a $5,000 price target under its bull-case scenario.
Even in its bear-case scenario, the firm projected Tesla stock could reach $3,300. The gap between the bull and bear cases is $1,700.
The forecast reflects Ark Invest's scenario-based estimates and could differ from Tesla's actual share-price performance.
JH Kim
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