From 24/7 Wall St. · David Moadel · · 1m
Tesla Rises 4% as ARK Sets $4,400 Target
ARK Invest reiterates $4,400 Tesla price target by 2031 as robotaxi thesis gains traction.
In brief
ARK Invest reiterates $4,400 Tesla price target by 2031 as robotaxi thesis gains traction. Tesla shares rose 4% after ARK Invest maintained a $4,400 long-term price target for Tesla shares by 2031 based on robotaxi adoption. Originally reported by 24/7 Wall St..
Tesla Rises 4%
Tesla stock climbed 4% to $406.31 in afternoon trading.
ARK Reiterates $4,400 Target
ARK Invest repeated its base-case price target of $4,400 per Tesla share by 2031.
Robotaxi Thesis Drives Value
Most of Tesla’s enterprise value by 2031 comes from robotaxis under ARK’s model.
Rivian Gains 3%
Rivian Automotive stock rose 3% to $11.72.
Lucid Holds Steady
Lucid Group stock rose 0.2% to $3.41.
SpaceX Merger Potential
Tesla and SpaceX form special committees to evaluate potential merger.
Investor Caution Ahead
Investors should keep positions modest until merger review concludes.
The headline
Tesla shares rose 4% after ARK Invest maintained a $4,400 long-term price target for Tesla shares by 2031 based on robotaxi adoption.
