Tesla CEO Elon Musk has told his employees that he agrees with Ark Invest that Tesla is worth $ 3,000 per share “if they run very well.”
This week, Ark Invest released a new note claiming a $ 3,000 base price target in 2025 for Tesla, Electrek reports.
In its valuation models, Ark Invest believes Tesla will deliver between 5 and 10 million vehicles as soon as 2025.
This is a significant ramp, as Tesla will deliver less than a million vehicles this year, according to the report.
The firm is also committed to Tesla offering a fully autonomous network, known as the Tesla Network, which will provide a lot of money with a high margin.
In an email sent to the Tesla employee obtained by Electrek, Elon Musk shared with employees the new $ 3,000 price target for Ark and that he agreed with Ark.
“If we run really well, I agree with Ark Invest,” Musk said.
The CEO has often commented on the price of Tesla shares, but surprisingly, it was often said that the price was too high, according to the report.
In 2020, when Tesla shares reached a new high, Musk told millions of followers on Twitter that he believed the shares were “too high.”
He sent Tesla shares crashing, but now it’s even higher than when Musk made the comment.
Tesla is currently trading at $ 733 per share and the automaker is the world’s most valuable automotive company, with more than $ 730 million, according to the report.
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