As we previously reported, Cathie Wood — founder, CEO, and CIO of investment firm ARK Invest, reaffirmed her institution’s 2025 price target of $3,000 USD per share for Tesla in a recent interview.
According to a tweet from Tesla investor and sleuth Sawyer Merritt (@SawyerMerritt), the company’s eccentric visionary of a CEO happens to be in agreement with ARK Invest’s projected numbers.
In an internal email that appears to have been sent company-wide, Tesla CEO Elon Musk shared a tweet about Wood’s interview with a subject line that read, “If we execute really well, I agree with Ark Invest.”
For those still questioning whether the email above is real, I have confirmed it is real with 4 separate sources. I also saw another pic of the email from a source. In addition, Elon liked the tweet below: https://t.co/3y6huyZb1x
— Sawyer Merritt 📈🚀 (@SawyerMerritt) September 4, 2021
The email has been confirmed to be legitimate by four of Merritt’s sources, and Musk has also liked the tweet he shared in the email.
The subject line of Musk’s email isn’t all that hard to get behind — Tesla had a stellar 2020 despite COVID-19 plunging the world into turmoil, reported record deliveries in Q1 2021, continued to excel in the next quarter, and is currently on track to sell 800,000 vehicles in 2021 (which would represent a 160% growth year-over-year).
$3,000 USD per share is ARK Invest’s base price target for Tesla, guided by a detailed Monte Carlo analysis conducted by the firm. ARK Invest’s bull case for Tesla has the electric vehicle maker’s stock price hitting $4,000 USD by 2025, with a bear case of $1,500 USD per share.
