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2022-04-16

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Tesla Sees Price Target Upped To $4,600 At Cathie Wood's Ark

Cathie Wood-ledArk Investment Managementsaid on Thursday it expects$Tesla Inc(TSLA)$stock to hit $4,600 by 2026, up from its current price of $985 a share.The popular stock pickerhad last year estimat

Tesla Sees Price Target Upped To $4,600 At Cathie Wood's Ark

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Tesla last year sold a little less than a million cars.</p><p>Ark Invest sees Tesla’s 2021 average selling price of $49,000 slide lower to $38,000 by 2026 in a bullish scenario and about $30,000 in a bearish market.</p><p>The report has also estimated electric vehicle revenue to be between $372 billion to $513 billion by 2026, and that autonomous ride-hailing revenue would be up to $486 billion. It estimated electric vehicle gross margins would be 34%, up from 27% last year.</p><p>The model does not include other business opportunities such as Tesla’s humanoid project, energy business and its Dojo supercomputer as a service.</p><p>Ark Invest And Tesla: A Tesla superbull, Wood’s money managing firm counts the EV stock among its top holdings. Ark Invest held 1.46 million shares, worth $1.49 billion in Tesla, prior to Thursday&#39;s trade.</p><p>Price Action: Tesla stock closed 3.66% lower at $985 a share on Thursday and is down 18% year-to-date.</p></body></html>","source":"lsy1606299360108","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 Sees Price Target Upped To $4,600 At Cathie Wood's Ark</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; 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}\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 Sees Price Target Upped To $4,600 At Cathie Wood's Ark\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-15 23:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-ratings/analyst-color/22/04/26649439/tesla-sees-price-target-upped-to-4-600-at-cathie-woods-ark-on-bullishness-surroundi><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management said on Thursday it expects $Tesla Inc(TSLA)$ stock to hit $4,600 by 2026, up from its current price of $985 a share.The popular stock picker had last year ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/22/04/26649439/tesla-sees-price-target-upped-to-4-600-at-cathie-woods-ark-on-bullishness-surroundi\">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.benzinga.com/analyst-ratings/analyst-color/22/04/26649439/tesla-sees-price-target-upped-to-4-600-at-cathie-woods-ark-on-bullishness-surroundi","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125321064","content_text":"Cathie Wood-led Ark Investment Management said on Thursday it expects $Tesla Inc(TSLA)$ stock to hit $4,600 by 2026, up from its current price of $985 a share.The popular stock picker had last year estimated Tesla shares to hit $3,000 by 2025.“Our 5-year price target has increased more than 50% to $4,600,” Wood said.The 5-year forecast counts on Tesla’s recent promises to launch a dedicated robotaxi service.The St. Petersburg, Florida-based Ark Invest in its latest report said that in the best case scenario the Elon Musk-led company’s stock could reach $5,800 a share by 2026, and in a bear case it could be around $2,900.“Tesla’s prospective robotaxi business line is a key driver, contributing 60% of expected value and more than half of expected EBITDA in 2026,” Ark analyst Tasha Keeney wrote in the report.“We expect electric vehicles to constitute 57% of the company’s revenue in 2026, albeit at substantially lower margins than robotaxi revenue.”Deliveries And Revenue Ahead: The research forecasts Tesla could sell 17 million electric vehicles by 2026 in the best scenario and only 10 million in a bearish scenario. Tesla last year sold a little less than a million cars.Ark Invest sees Tesla’s 2021 average selling price of $49,000 slide lower to $38,000 by 2026 in a bullish scenario and about $30,000 in a bearish market.The report has also estimated electric vehicle revenue to be between $372 billion to $513 billion by 2026, and that autonomous ride-hailing revenue would be up to $486 billion. It estimated electric vehicle gross margins would be 34%, up from 27% last year.The model does not include other business opportunities such as Tesla’s humanoid project, energy business and its Dojo supercomputer as a service.Ark Invest And Tesla: A Tesla superbull, Wood’s money managing firm counts the EV stock among its top holdings. Ark Invest held 1.46 million shares, worth $1.49 billion in Tesla, prior to Thursday's trade.Price Action: Tesla stock closed 3.66% lower at $985 a share on Thursday and is down 18% year-to-date.","news_type":1},"isVote":1,"tweetType":1,"viewCount":361,"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":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}