Cathie Wood's ARK Invest sees Tesla shares reaching $5,000 by 2031 in its bullish scenario, while leaving open the possibility that Elon Musk could merge the electric vehicle maker with SpaceX as the two businesses increasingly converge around artificial intelligence, robotics, and advanced computing.
ARK's updated valuation model puts Tesla's expected share value at approximately $4,400 in 2031, with a bull-case target of $5,000 and a bear-case estimate of $3,300. The forecast follows Tesla's unveiling of its redesigned Roadster, which demonstrated aerial manoeuvres using technology developed with SpaceX, reinforcing the links between Musk's automotive and aerospace businesses.
