Tesla’s recent stock price rise has come as a shock to many, but not to others who have believed in Tesla (sometimes for more than a decade). One of those strong Tesla bulls has been ARK Invest. ARK has been focused on the larger picture since its inception. So far, this has been the best way to consider Tesla’s potential — in terms of sales, expansion, and apparently stock price as well. Tesla’s value has grown as it has shown an ability to not only dramatically increase production and sales while other automakers are shrinking, but the biggest potential to blow up in value is if Tesla can master full self-driving technology. At the moment, the Tesla [TSLA] stock price is $748. Ark Invest expects Tesla shares to jump another ten-fold to around $7,000 by 2024. However, it could go even far beyond that if Tesla nails autonomous driving. “A fully autonomous taxi network could break the mold of a traditional automotive manufacturer’s business model completely,” ARK Invest says in its blog post . “Tesla could shift from a model of one-time transactions at hardware-like margins to a model of recurring transactions at software-like margins, charging passengers per mile […]
Click here to view original web page at Why Tesla Could Be Worth Trillions Of Dollars In 4 Years
