ARK Predicts Tesla Stock To At Least $2,000 By 2027, But Why? via insideevs.com
In the recent note, Wood and Ark Invest predicted that Tesla’s robotaxis could bring in as much as $8 or $10 trillion of revenue by 2030. Tesla has remained one of Ark’s largest holdings for the flagship Ark Innovation ETF , with a total 9.4 percent weighting. Along with Ark’s expected value of $2,000 per share, Wood also shared a bull case price target of $2,500, as well as a bear case price target of $1,400.
The firm predicts that Tesla’s robotaxi business will contribute 67 percent of its expected enterprise value, and 64 percent of its expected EBITDA in 2027. Additionally, it expects that Tesla’s EVs will contribute 47 percent of revenues in the same year, albeit at “substantially lower margins than robotaxi revenue.”
With Tesla’s current and future generations of vehicles all having FSD capabilities, the company is effectively scaling the potential for robotaxis with each car it sells. Even as the system develops and improves through increased FSD beta testers, the company will be deploying a large vehicle fleet, someday capable of autonomy.It’s this prediction that makes Wood and Ark so bullish on Tesla and the potential for a robotaxi business, a possibility CEO Elon Musk first mentioned in 2016.
“We want Tesla to scale its unit,” Wood said. “Each one of them now presents the potential for robotaxi and robotaxi fleet. We think that it is very smart to maximize units.”
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