What ? Really ?
Tesla is currently Trading at $500 at the moment ....
The firm that once predicted Tesla (TSLA) shares would cross the $4,000 mark delivered a new, even more bullish price target for the electric-vehicle maker.
Shares of Tesla could be worth $6,000 each in the next five years, Ark Investment Management analyst Tasha Keeney told Yahoo Finance’s The Final Round Wednesday.
The soaring target implies a return of more than 1,000% from Tesla’s closing prices Wednesday. At $6,000 per share, Tesla’s market capitalization would leap well above the $1 trillion mark, based on shares outstanding as of its latest quarterly earnings update. Tesla’s current market capitalization is north of $90 billion, or more than that of Ford (F) and GM (GM) combined.
The $6,000 per-share level is Ark’s bull case scenario, implying a best-case situation for Tesla over the next few years.
“That’s assuming our bull case assumptions for the EV (electric vehicle) market,” Keeney said. “Broadly what’s changed in our assumptions over the past few years is, we’ve always said that Tesla was three years ahead on batteries, autonomous hardware and autonomous data collection. And really we’re adding software to that, over-the-air software updates.”
Tesla China posts job ad with a render of a Compact #Tesla . After Elon stating China will have a design studio of its own and will produce a world car, maybe the #ModelC begins here?
Source: https://www.teslarati.com/tesla-is-hiring-designers-to-create-chinese-style-electric-vehicles/