Ark Invest is very bullish on TSLA stock and predicts that its price will reach $2,000. In addition, the company has drawn up a reliable timetable for the implementation of Tesla's robotaxi service.
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Recently, Tesla announced that it is focusing primarily on autonomous driving as the main feature of its cars. Elon Musk, Tesla CEO, states that the self-driving solution is the determining factor for the company's value.
Musk believes that many people don't recognize the importance of Tesla investing in developing self-driving capabilities for its fleet of millions of vehicles through over-the-air software updates . However, he may simply be confusing people who don't understand the value with people who have serious doubts that Tesla can actually do it.
Investment firm Ark Invest, which seems to believe Tesla can pull it off, has had one of the highest price targets on Tesla stock for some time.
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The company, which owns stock , is aiming to raise the share price to $2,000. That represents a significant upside from the current price of $160.
However, most of these issues are based on the fact that Tesla fulfilled its promise to launch the robotaxi service to its existing fleet after a long wait.
In its recent update , Ark says the company will soon launch its robotaxi service. It predicts this will happen around 2024.
ARK has become increasingly confident that Tesla will launch a robotaxi service soon. The updated Monte Carlo model includes a range of release dates, with late 2024 being the most likely.
Elon Musk recently said he expects Tesla to achieve “full autonomy” this year. However, it’s unclear exactly what he means by that term.
See also: Tesla again cuts prices on all its electric vehicles
The definition of Ark has been further clarified. They are discussing Tesla's software update , which makes its entire fleet of cars produced since 2016 fully autonomous. Through a new app, robotaxi services similar to those of Uber are provided .
