Tesla Model Y Tops Global Sales Charts as Company's Growth Prospects Look Increasingly Bullish
-
Tesla's Model Y was the world's best-selling car in Q1 and Q2 2023, showing its growing importance in the EV market. Recent policy changes could further boost US demand.
-
Ark Invest sees Tesla stock hitting $2,000 per share by 2027 (729% upside) based on EV sales growth and a new robotaxi business. But the assumptions seem very ambitious.
-
More realistic scenario is Tesla generating $500 per share by 2026, still 4X current levels, based on EV sales alone with no robotaxis.
-
Tesla trades at a premium valuation, but growth prospects from the EV boom and economic recovery may justify higher multiples.
-
Even if Ark's price target isn't met, now seems a good time to buy Tesla stock before the coming bull market.