ARK's Tesla Target Isn't So Crazy. Here's Why
Tesla stock has seen a lot of volatility lately, and the icing on the cake is ARK's new price target. ARK Invest believes Tesla shares will be worth $2,600 in 2029 based on their potential in vehicle autonomy and autonomous ride hailing. Before we dismiss the price target as "crazy," we decided to download ARK's model and investigate how they came to this conclusion. Their model is actually quite intuitive and intricate, allowing users to customize over 30 different parameters. We'll look at ARK's model as well as traditional financial metrics to see if Tesla stock is overvalued or not.
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The skinny
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