Business
Tesla jumps 6% as Ark Invest predicts $3,000 stock price by 2025 – Al Jazeera English
The asset management firm run by Cathie Wood also said Tesla’s electric vehicle revenue could reach $367bn by 2025.
Shares of Tesla jumped over 6 percent on Monday, getting a lift from a bullish report from Ark Invest, an influential shareholder in the electric car maker.
Ark Invest said in a report on Friday that it expects Teslas stock price to more than quadruple to $3,000 by 2025. Tesla was last trading at $698 a share.
The asset management company run by Cathie Wood also predicted Teslas electric vehicle revenue would reach between $234bn and $367bn by 2025.
Teslas total revenue in 2020 grew 28 percent to…
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