ARK JUST PUT A $4,400 PRICE TARGET ON TESLA $TSLA FOR 2031
That's up more than 10x from current levels ... and that's just their base case.
Here's how they get there:
ARK's updated open-source model runs a Monte Carlo simulation across 32 inputs. The base case lands at $4,400, with a bear case of $3,300 and a bull case of $5,000.
The driver isn't cars. ARK estimates Robotaxi will make up about 80% of Tesla's enterprise value in 2031.
In their base case, Tesla deploys 8.1 million robotaxis cumulatively by 2031, and Optimus scales to roughly 1 million cumulative external units sold and $212 billion in revenue.
That lifts total revenue to around $1.4 trillion, up from $95 billion in 2025.