Ark has predicted tesla’s price to be $3,000 by 2025. This is a bullish price prediction and could net a very nice return for investors. Ark holds a large amount of tesla in their portfolio and has proved their research in their stock picks , with a 20% return in 2020.
Their bear case would be $1,500 and bull case would be $4,000. As more countries and governments push for electric and green energy tesla has been the front runner of the EV market. Tesla is more than just a car manufacturer, with multiple revenue streams from its batteries, energy storage, technology, exploration into ride-hail and more.
Tesla’s mega factories are getting more established, to the point where they can produce more cars, with 0.5m sold already. With tesla’s Cybertruck coming out in 2022 and the semi truck coming soon which will only boost tesla’s revenue further.
Not to forget Tesla’s massive bitcoin investment, which has boosted a massive return. Only time will tell with the price of crypto being so hard to predict. There is the threat of more competition as more of the big companies expand there electric car range, but Tesla has proved they are not messing around.
Tesla (TSLA) current price at time of writing is $654.87, having had a correction this month, could this be the best time to buy and hold? Sign up to Freetrade using my link and get a freeshare worth £3/200
Check out my post of how to buy tesla in england; https://genzmoney.co.uk/how-to-buy-tesla-stock-buying-stocks-is-easy/(opens in a new tab)