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Tesla’s Stock Should Hit $2,600 in Five Years, Says Cathie Wood’s Ark Invest

Year by year, Wall Street sees Tesla as less valuable. ARK Invest’s Cathie Wood sees things differently.ARK Invest’s Cathie Wood sees Tesla shares reaching $2,600 by 2029, driven by self-driving vehic

Tesla’s Stock Should Hit $2,600 in Five Years, Says Cathie Wood’s Ark Invest

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ARK Invest’s Cathie Wood sees things differently.ARK Invest’s Cathie Wood sees Tesla shares reaching $2,600 by 2029, driven by self-driving vehic","content":"<html><head></head><body><p style=\"text-align: start;\">Year by year, Wall Street sees Tesla as less valuable. ARK Invest’s Cathie Wood sees things differently.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/51b9967115fc4d8e83083b4737165cbb\" alt=\"ARK Invest’s Cathie Wood sees Tesla shares reaching $2,600 by 2029, driven by self-driving vehicles.\" title=\"ARK Invest’s Cathie Wood sees Tesla shares reaching $2,600 by 2029, driven by self-driving vehicles.\" tg-width=\"923\" tg-height=\"610\"/><span>ARK Invest’s Cathie Wood sees Tesla shares reaching $2,600 by 2029, driven by self-driving vehicles.</span></p><p style=\"text-align: start;\">On Wednesday, Wood’s ARK released its updated Tesla valuation. The new price target is up to $2,600 by 2029. That would value Tesla at more than $8 trillion and leave it trading for about 27 times ARK’s projected 2029 free cash flow of about $300 billion.</p><p>Those are “wow” numbers that represent a whopping 15-fold increase over the coming five years, which works out to an average annual return of about 72%.</p><p>It’s a lot, but Tesla stock has put up massive gains in the past. Coming into Wednesday trading, Tesla stock has grown roughly 12-fold over the past five years, which works out to an average annual return of almost 65%.</p><p>No one should be too surprised by the increase. Wood’s target prices tend to go up—a lot. ARK’s 2023 target price was $2,000 a share by 2027. That was up from $1,533 in 2022 and $1,000 in 2021. (The older targets are adjusted for Tesla stock splits.) The $2,000 target was 2026. The $1,000 target was for 2025.</p><p>Target prices typically have some sort of embedded date in them. Wall Street price targets often represent where analysts see shares going over the coming 12 months.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/055fd3ef8cebbdb2c6d248fe12cb768a\" tg-width=\"951\" tg-height=\"655\"/></p><p>Wall Street’s Tesla price targets aren’t going in the same direction as Wood’s. The average analyst price target aggregated by FactSet is about $183 a share, down about $10 from a year ago.</p><p style=\"text-align: start;\">More competition, higher interest rates, and slowing EV demand growth are all reasons Wall Street feels more cautious.</p><p style=\"text-align: start;\">None of that seems to bother Wood. The vast majority of her value is derived from self-driving cars, which Tesla plans to offer but hasn’t created yet.</p><p style=\"text-align: start;\">“Our confidence in Tesla’s ability to launch a robotaxi network within the next five years has increased considerably,” reads part of the report. ARK cites the coming August 8 robotaxi event, the recent free full self-driving trial, and Tesla selling FSD in China for their increased confidence. Tesla’s “business model should transform from one-off vehicle sales to a recurring revenue base as every car becomes an AI-powered cash flow generation machine.”</p><p style=\"text-align: start;\">Wood’s target without achieving self-driving cars is $350 a share. That price in 2029 would earn investors about 15% a year on average. ARK calls that outcome “unlikely.”</p><p style=\"text-align: start;\">By 2029, ARK projects EV sales of 5.8 million units. The car business is expected to produce an operating margin of about 30%. (That’s about four times the industry average.) The robotaxi 2029 Ebitda is projected to be about $241 billion.</p><p style=\"text-align: start;\">They haven’t included any benefit from Tesla’s humanoid robot called Optimus.</p><p style=\"text-align: start;\">Tesla stock got a bump from Wood’s analysis. Shares were down to start the day and jumped about $2 a share after the ARK report was released. The stock closed up 3.9% at $177.29 while the S&amp;P 500 and Nasdaq Composite rose 0.9% and 1.5%, respectively.</p><p style=\"text-align: start;\">Slower-than-expected inflation data released early Wednesday helped the market rise in early trading.</p></body></html>","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>Tesla’s Stock Should Hit $2,600 in Five Years, Says Cathie Wood’s Ark Invest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla’s Stock Should Hit $2,600 in Five Years, Says Cathie Wood’s Ark Invest\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-13 08:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Year by year, Wall Street sees Tesla as less valuable. ARK Invest’s Cathie Wood sees things differently.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/51b9967115fc4d8e83083b4737165cbb\" alt=\"ARK Invest’s Cathie Wood sees Tesla shares reaching $2,600 by 2029, driven by self-driving vehicles.\" title=\"ARK Invest’s Cathie Wood sees Tesla shares reaching $2,600 by 2029, driven by self-driving vehicles.\" tg-width=\"923\" tg-height=\"610\"/><span>ARK Invest’s Cathie Wood sees Tesla shares reaching $2,600 by 2029, driven by self-driving vehicles.</span></p><p style=\"text-align: start;\">On Wednesday, Wood’s ARK released its updated Tesla valuation. The new price target is up to $2,600 by 2029. That would value Tesla at more than $8 trillion and leave it trading for about 27 times ARK’s projected 2029 free cash flow of about $300 billion.</p><p>Those are “wow” numbers that represent a whopping 15-fold increase over the coming five years, which works out to an average annual return of about 72%.</p><p>It’s a lot, but Tesla stock has put up massive gains in the past. Coming into Wednesday trading, Tesla stock has grown roughly 12-fold over the past five years, which works out to an average annual return of almost 65%.</p><p>No one should be too surprised by the increase. Wood’s target prices tend to go up—a lot. ARK’s 2023 target price was $2,000 a share by 2027. That was up from $1,533 in 2022 and $1,000 in 2021. (The older targets are adjusted for Tesla stock splits.) The $2,000 target was 2026. The $1,000 target was for 2025.</p><p>Target prices typically have some sort of embedded date in them. Wall Street price targets often represent where analysts see shares going over the coming 12 months.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/055fd3ef8cebbdb2c6d248fe12cb768a\" tg-width=\"951\" tg-height=\"655\"/></p><p>Wall Street’s Tesla price targets aren’t going in the same direction as Wood’s. The average analyst price target aggregated by FactSet is about $183 a share, down about $10 from a year ago.</p><p style=\"text-align: start;\">More competition, higher interest rates, and slowing EV demand growth are all reasons Wall Street feels more cautious.</p><p style=\"text-align: start;\">None of that seems to bother Wood. The vast majority of her value is derived from self-driving cars, which Tesla plans to offer but hasn’t created yet.</p><p style=\"text-align: start;\">“Our confidence in Tesla’s ability to launch a robotaxi network within the next five years has increased considerably,” reads part of the report. ARK cites the coming August 8 robotaxi event, the recent free full self-driving trial, and Tesla selling FSD in China for their increased confidence. Tesla’s “business model should transform from one-off vehicle sales to a recurring revenue base as every car becomes an AI-powered cash flow generation machine.”</p><p style=\"text-align: start;\">Wood’s target without achieving self-driving cars is $350 a share. That price in 2029 would earn investors about 15% a year on average. ARK calls that outcome “unlikely.”</p><p style=\"text-align: start;\">By 2029, ARK projects EV sales of 5.8 million units. The car business is expected to produce an operating margin of about 30%. (That’s about four times the industry average.) The robotaxi 2029 Ebitda is projected to be about $241 billion.</p><p style=\"text-align: start;\">They haven’t included any benefit from Tesla’s humanoid robot called Optimus.</p><p style=\"text-align: start;\">Tesla stock got a bump from Wood’s analysis. Shares were down to start the day and jumped about $2 a share after the ARK report was released. The stock closed up 3.9% at $177.29 while the S&amp;P 500 and Nasdaq Composite rose 0.9% and 1.5%, respectively.</p><p style=\"text-align: start;\">Slower-than-expected inflation data released early Wednesday helped the market rise in early trading.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4527":"明星科技股","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4550":"红杉资本持仓","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4588":"碎股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4551":"寇图资本持仓","BK4574":"无人驾驶","BK4544":"ARK ETF合集","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4581":"高盛持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4099":"汽车制造商","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4511":"特斯拉概念","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4555":"新能源车","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4592":"伊斯兰概念","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","TSLA":"特斯拉","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2442566898","content_text":"Year by year, Wall Street sees Tesla as less valuable. ARK Invest’s Cathie Wood sees things differently.ARK Invest’s Cathie Wood sees Tesla shares reaching $2,600 by 2029, driven by self-driving vehicles.On Wednesday, Wood’s ARK released its updated Tesla valuation. The new price target is up to $2,600 by 2029. That would value Tesla at more than $8 trillion and leave it trading for about 27 times ARK’s projected 2029 free cash flow of about $300 billion.Those are “wow” numbers that represent a whopping 15-fold increase over the coming five years, which works out to an average annual return of about 72%.It’s a lot, but Tesla stock has put up massive gains in the past. Coming into Wednesday trading, Tesla stock has grown roughly 12-fold over the past five years, which works out to an average annual return of almost 65%.No one should be too surprised by the increase. Wood’s target prices tend to go up—a lot. ARK’s 2023 target price was $2,000 a share by 2027. That was up from $1,533 in 2022 and $1,000 in 2021. (The older targets are adjusted for Tesla stock splits.) The $2,000 target was 2026. The $1,000 target was for 2025.Target prices typically have some sort of embedded date in them. Wall Street price targets often represent where analysts see shares going over the coming 12 months.Wall Street’s Tesla price targets aren’t going in the same direction as Wood’s. The average analyst price target aggregated by FactSet is about $183 a share, down about $10 from a year ago.More competition, higher interest rates, and slowing EV demand growth are all reasons Wall Street feels more cautious.None of that seems to bother Wood. The vast majority of her value is derived from self-driving cars, which Tesla plans to offer but hasn’t created yet.“Our confidence in Tesla’s ability to launch a robotaxi network within the next five years has increased considerably,” reads part of the report. ARK cites the coming August 8 robotaxi event, the recent free full self-driving trial, and Tesla selling FSD in China for their increased confidence. Tesla’s “business model should transform from one-off vehicle sales to a recurring revenue base as every car becomes an AI-powered cash flow generation machine.”Wood’s target without achieving self-driving cars is $350 a share. That price in 2029 would earn investors about 15% a year on average. ARK calls that outcome “unlikely.”By 2029, ARK projects EV sales of 5.8 million units. The car business is expected to produce an operating margin of about 30%. (That’s about four times the industry average.) The robotaxi 2029 Ebitda is projected to be about $241 billion.They haven’t included any benefit from Tesla’s humanoid robot called Optimus.Tesla stock got a bump from Wood’s analysis. Shares were down to start the day and jumped about $2 a share after the ARK report was released. The stock closed up 3.9% at $177.29 while the S&P 500 and Nasdaq Composite rose 0.9% and 1.5%, respectively.Slower-than-expected inflation data released early Wednesday helped the market rise in early trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":243,"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":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}