Elon Musk Tells Tesla Employees Electric Vehicle Manufacturer Is Worth $3,000 Per Share If They 'Perform Extremely Well'
In a paper posted earlier this week, Ark Invest predicted that Tesla's base stock price will hit $3,000 by 2025. According to the asset management organisation, the company would supply between 5 and 10 million automobiles by that year.
Elon Musk, the company's founder, told his staff that the aim is doable if the execution is good, days after asset management firm Ark Invest predicted that electric vehicle maker Tesla would achieve a base stock price of $3,000 in the next several years.
Tesla is worth $3,000 a share "if they execute really well", Electrek reported Musk as saying on September 4, adding that the billionaire "agrees with Ark Invest". In a paper posted earlier this week, Ark Invest predicted that Tesla's base stock price will hit $3,000 by 2025.
Tesla is expected to deliver between 5 and 10 million vehicles by 2025, according to Ark Invest. According to the New York-based investment manager's valuation estimate, Tesla will produce between 5 and 10 million vehicles by 2025.
According to the article, if Tesla does end up upscaling its production as predicted above, it will be a huge ramp-up, given that the business is expected to produce less than 1 million vehicles this year.
Ark Invest is also counting on Tesla Network's successful launch, which is expected to produce a large income with a high-profit margin.
Musk is notorious for commenting on Tesla's stock price, although he has also suggested that the stock is overvalued at times. Musk ended up damaging the pricing in 2020 when the company's shares had reached a new high when he said on Twitter that the rate was "too high."
Notably, Tesla's stock price is now higher than it was when Musk made his remarks last year, which caused the stock price to plummet. The company's shares are trading at around $733 and the company is being valued at over $730 billion.n