$7,000 . . . That’s the new price target for shares of Tesla Motors (NASDAQ: TSLA) – according to Wall Street’s hottest stock picker.
One new EV battery stock isn’t on the buy list. However, shares could be a top BUY RECOMMENDATION after the upcoming IPO.
Go here to grab your EV Pre-IPO shares before March 2.
ARK Invest has become one of the most closely followed asset managers. And it recently released a brand-new Tesla research report and Tesla price target.
Tesla Motors gets a $7,000 share price target – a 927% increase from today’s price of $680.
The company says that the “bear case” for Tesla is that the stock goes to $1,500. And the “bull case” puts the stock price at or above $15,000. Note that these price targets are for the year 2024.
That outlook is very bullish compared with reports by other Wall Street firms. The average one-year price target for Teslais $536, according to FactSet Research.
ARC estimates that electric vehicles will make up one-third of all auto sales over the next five years. And Tesla could capture 18% of the EV market.
Here’s what the bullish case for Tesla Motors looks like in 2024:
- 7.1 million cars sold
- $36,000 average price per vehicle
- 33% EBITDA margin
- $3 trillion market capitalization
- $15,000 share price – 2,106% above the recent price
The rapid rise for Tesla is sparking an EV boom.
Many EV stocks are soaring 300% . . . 500% . . . and even over 1,000% in the last year.
However, I’m not chasing these publicly traded EV stocks. Instead, I’m building a portfolio of electric vehicle Pre-IPOs.
These companies are preparing to go public within 90 days.
One of these is a lidar sensor company founded by ex-Apple engineers. It’s rumored that this technology could be used in the new Apple Car.
Plus, another company is creating next-generation EV batteries that can be 100% charged in 15 minutes. And this company already has SIGNED CONTRACTS worth over $1.5 billion.
These stocks could soar when they launch IPOs on the NYSE and NASDAQ. That’s why I’m scooping up these Pre-IPOs just a few weeks before they go public.
These deals are open to ANYONE – without restriction. And there’s no minimum investment.
Yours in Wealth,