4 reasons ARK recently increased its Tesla share price target to US$3,000

The now infamous ARK Invest updated its Tesla Inc (NASDAQ: TSLA) share price target on Friday – it’s now more bullish than ever.

Cathie Wood and her team of analysts last year estimated the US electric vehicle (EV) maker’s shares would eclipse US$1,400 by 2024. But, with updated research, the disruptive-focused asset manager now estimates it could hit US$3,000 in 2025.

Although a year later, the upgraded price target represents a 114% increase on the firm’s prior base case and an implied 358% upside from Tesla’s current price.

There are four main reasons for the revised price target.

Less money, more production, higher Tesla share price

In ARK’s 2025 Tesla share price target, the first reason listed for the target…