Tesla boss Elon Musk said in an email to staff that the stock could be worth $3,000 per share if the company achieves all its aims.
Musk told employees he agrees with Ark Invest’s ‘valuation’ as long as the company executes “really well”.
The company’s stock was last trading around $733, implying a roughly 300% improvement. Ark is a long time investor in Tesla and is very bullish on the stock.
Watch our interview with Stanphyl Capital’s Mark Spiegel, a long-term Tesla bear, talking about the reasons why he’s still shorting the stock.
Tesla is facing scrutiny over its Auto Pilot system after a number of crashes, many fatal, which has led to an official investigation by regulators. Meanwhile, it’s struggling on the production side with the Cybertruck launch pushed back to late 2022 and the launch of its second-generation roadster also delayed.
Analysts remain split on the path the Tesla share price will take:
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