The problem listening to musk

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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

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

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, l

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

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Is That Realistic?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174989865","media":"The Street","summary":"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, l","content":"<html><head></head><body><p style=\"text-align: start;\">Ark Invest updated its price target for Tesla last April, saying that Elon Musk&#39;s car company will be worth $2,000 per share by 2027. At the time, Tesla&#39;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. </p><p style=\"text-align: start;\">And though Tesla wasn&#39;t performing amazingly at the time, having just reported a 24% drop in income for the first quarter of 2023, Ark&#39;s bullish take was -- and remains -- centered around a business that still has yet to exist: robo taxis. </p><p>Some investors at the time found Cathie Wood&#39;s analysis to be off-base, with some calling her expectations &#34;delusional&#34; and &#34;disingenuous.&#34; But Tesla has been on a hot streak throughout the second quarter and is now up more than 120% for the year. </p><p style=\"text-align: start;\">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. </p><p style=\"text-align: start;\">&#34;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,&#34; Musk said.&#34;Maybe a 10x. Where things go along the way, the trials and tribulations and the mood of the markets, one cannot predict.&#34;</p><p>A growth of five times the company&#39;s current value would see Tesla&#39;s stock trading at around $1,300 per share, a market cap of more than $4 trillion. A growth of 10 times its current value would see the company trading at around $2,700 per share with a valuation of close to $9 trillion. </p><p style=\"text-align: start;\">For context, the largest company in the world, Apple, is currently worth just north of $3 trillion. Apple has been around since the 1970s, but didn&#39;t go public until 1980, when it debuted on the stock market at $22 per share. The beloved makers of the iPhone had a market cap of around $7 billion in 2001, which rose to just under $300 billion by 2010. </p><p style=\"text-align: start;\">Apple didn&#39;t cross the $1 trillion mark until 2019. </p><p>Ark Invest thinks the future robo taxi vertical could be worth up to $10 trillion by 2030. And Musk said Wednesday that Tesla is getting closer than ever to leading this as-yet, nonexistent business, just as Ark has predicted. </p><p>&#34;Our future dedicated robo taxi products we think have quasi-infinite demand,&#34; Musk said. &#34;The way we&#39;re gonna manufacture the robo taxi is also itself a revolution. It&#39;ll be the highest units per hour of any vehicle production ever.&#34; </p></body></html>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Thinks Tesla Stock Could 10x in Price. 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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. At the time, Tesla's stock was trading at around $160 per share, ...</p>\n\n<a href=\"https://www.thestreet.com/electric-vehicles/elon-musk-tesla-stock-10x-cathie-wood-predicted\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.thestreet.com/electric-vehicles/elon-musk-tesla-stock-10x-cathie-wood-predicted","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174989865","content_text":"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, 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. Where things go along the way, the trials and tribulations and the mood of the markets, one cannot predict.\"A growth of five times the company's current value would see Tesla's stock trading at around $1,300 per share, a market cap of more than $4 trillion. A growth of 10 times its current value would see the company trading at around $2,700 per share with a valuation of close to $9 trillion. For context, the largest company in the world, Apple, is currently worth just north of $3 trillion. Apple has been around since the 1970s, but didn't go public until 1980, when it debuted on the stock market at $22 per share. The beloved makers of the iPhone had a market cap of around $7 billion in 2001, which rose to just under $300 billion by 2010. Apple didn't cross the $1 trillion mark until 2019. Ark Invest thinks the future robo taxi vertical could be worth up to $10 trillion by 2030. 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.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":128,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}