Cathie Wood's Ark Says Tesla's Total Addressable Market Will Jump Tenfold With $25K Next-Gen EV Launch
Portfolio Pulse from Shanthi Rexaline
Ark Investment Management predicts Tesla's addressable market could expand tenfold with the launch of a $25K next-gen EV by the end of 2025. Despite Tesla's current stock slump and the slow start of the Cybertruck, analysts see potential for recovery with the introduction of a more affordable vehicle. Tesla's Model Y has already achieved significant sales, and a lower-priced model could significantly increase market reach. Analysts have adjusted Tesla's sales volume estimates and stock price expectations in light of these developments.
February 06, 2024 | 11:54 am
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Tesla's planned launch of a $25K next-gen EV by end of 2025 could significantly expand its market and potentially aid in stock price recovery, despite current challenges.
The introduction of a more affordable Tesla vehicle could address a larger portion of the auto market, potentially increasing sales volume and improving stock performance. Analysts' adjustments to sales volume estimates and the anticipation of market expansion indicate a positive outlook for Tesla's stock in the short term, despite recent declines.
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IMPORTANCE 90
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