Elon Musk Thinks Tesla Stock Could 10x in Price. Is That Realistic?

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Elon Musk Thinks Tesla Stock Could 10x in Price. Is That Realistic?

The Street2023-07-24

Ark Invest updated its price target for Tesla last April, saying that Elon Musk's car company will be worth $2,000 per share by 2027. At the time, Tesla's stock was trading at around $160 per share, ...

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Senkas
·2023-07-24
TESLA is a one man show towards the growth and vision which can be diluted if he finds something else is interesting. Relying at long run is major risk
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flyingkiwi
·2023-07-24
The problem listening to musk is he has already proven himself a liar when he said the same thing about dogecoin....pump and dump, that's my opinion of him
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Tootsieroll
·2023-07-24
Hahahha
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Nase
·2023-07-24
What will happen to Tesla if Elon pass away from Tesla crash ? Just being cautious
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JoelLee
·2023-07-24
Share your opinion about this news…
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Is That Realistic?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-24 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/electric-vehicles/elon-musk-tesla-stock-10x-cathie-wood-predicted><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ark Invest updated its price target for Tesla last April, saying that Elon Musk's car company will be worth $2,000 per share by 2027. 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At the time, Tesla's stock was trading at around $160 per share, less than 10% of the value Ark predicted Tesla will see over the next four years. And though Tesla wasn't performing amazingly at the time, having just reported a 24% drop in income for the first quarter of 2023, Ark's bullish take was -- and remains -- centered around a business that still has yet to exist: robo taxis. Some investors at the time found Cathie Wood's analysis to be off-base, with some calling her expectations \"delusional\" and \"disingenuous.\" But Tesla has been on a hot streak throughout the second quarter and is now up more than 120% for the year. During its second-quarter earnings conference -- in which the EV company reported a 47.2% increase in revenue from the previous year to a record $24.5 billion -- Chief Executive Elon Musk weighed in on the likelihood of his company growing at such an intense rate. \"I have very high confidence in the long-term value of Tesla, I see it, I really see a path to a 10x, maybe call it a 5x increase in the value of the company,\" Musk said.\"Maybe a 10x. 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And Musk said Wednesday that Tesla is getting closer than ever to leading this as-yet, nonexistent business, just as Ark has predicted. \"Our future dedicated robo taxi products we think have quasi-infinite demand,\" Musk said. \"The way we're gonna manufacture the robo taxi is also itself a revolution. It'll be the highest units per hour of any vehicle production ever.\"","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":201348158894320,"gmtCreate":1690188065792,"gmtModify":1690188069427,"author":{"id":"4092623768628600","authorId":"4092623768628600","name":"Senkas","avatar":"https://static.tigerbbs.com/a5901fb16bbc93e38afa720d584961f0","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4092623768628600","authorIdStr":"4092623768628600"},"htmlText":"TESLA is a one man show towards the growth and vision which can be diluted if he finds something else is interesting. Relying at long run is major risk","listText":"TESLA is a one man show towards the growth and vision which can be diluted if he finds something else is interesting. Relying at long run is major risk","text":"TESLA is a one man show towards the growth and vision which can be diluted if he finds something else is interesting. Relying at long run is major risk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/201348158894320","repostId":1174989865,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":201290544345328,"gmtCreate":1690173999739,"gmtModify":1690175110640,"author":{"id":"3583423413603012","authorId":"3583423413603012","name":"flyingkiwi","avatar":"https://community-static.tradeup.com/news/4d4b4570ecd2c827dd4dbd7cd4b60dfd","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583423413603012","authorIdStr":"3583423413603012"},"htmlText":"The problem listening to musk is he has already proven himself a liar when he said the same thing about dogecoin....pump and dump, that's my opinion of him&nbsp;","listText":"The problem listening to musk is he has already proven himself a liar when he said the same thing about dogecoin....pump and dump, that's my opinion of him&nbsp;","text":"The problem listening to musk is he has already proven himself a liar when he said the same thing about dogecoin....pump and dump, that's my opinion of him","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/201290544345328","repostId":1174989865,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":201258246410488,"gmtCreate":1690166124339,"gmtModify":1690166128824,"author":{"id":"3575535431943242","authorId":"3575535431943242","name":"Tootsieroll","avatar":"https://static.tigerbbs.com/e1ec6090a100f45863daf6da5efcf9ad","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3575535431943242","authorIdStr":"3575535431943242"},"htmlText":"Hahahha","listText":"Hahahha","text":"Hahahha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/201258246410488","repostId":1174989865,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":201258937233496,"gmtCreate":1690166057684,"gmtModify":1690166062465,"author":{"id":"4099451016804780","authorId":"4099451016804780","name":"Nase","avatar":"https://community-static.tradeup.com/news/75fd46c54802015fad711baba153fe17","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":0,"idStr":"4099451016804780","authorIdStr":"4099451016804780"},"htmlText":"What will happen to Tesla if Elon pass away from Tesla crash ? Just being cautious&nbsp;","listText":"What will happen to Tesla if Elon pass away from Tesla crash ? Just being cautious&nbsp;","text":"What will happen to Tesla if Elon pass away from Tesla crash ? Just being cautious","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/201258937233496","repostId":1174989865,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":201258159210568,"gmtCreate":1690165863333,"gmtModify":1690165866713,"author":{"id":"3579882572140125","authorId":"3579882572140125","name":"JoelLee","avatar":"https://static.tigerbbs.com/e1f6c92b13d94cba61906c07dbbb2ab6","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":1,"crmLevelSwitch":1,"idStr":"3579882572140125","authorIdStr":"3579882572140125"},"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/201258159210568","repostId":1174989865,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":30,"commentSize":5,"repostSize":6,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}