Nov 21, 2022
New York Leads World’s Most Innovative Cities
Posted by Gemechu Taye in categories: finance, robotics/AI, sustainability, transportation
Tesla (NASDAQ: TSLA) may be slowly making its way toward Ark Invest’s Golden Goose scenario, which involves a $22,000 price target pre-split.
At the beginning of 2020, ARK Invest released its updated TSLA valuation based on new research it had collected at the time. ARK analysts described ten difference scenarios Tesla could take leading up to 2024 and gave each one a price target.
Tesla seems to be on track to hit the scenario ARK Invest labeled “The High Functioning EV Company” which has a price target of $3,400. Keep in mind that ARK released these estimates before Tesla announced the stock split. In this scenario, Tesla manages to lower costs and build factories efficiently, but doesn’t launch its autonomous network.
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