Ark Invest, led by Cathie Wood, sets a $4,400 base-case price target for Tesla (TSLA) looking out to 2031, with a $5,000 bull case and a $3,300 bear case, compared with a current share price of $366. The target reflects upbeat assumptions about robotaxis, humanoid robots and Terafab, and Ark now estimates robotaxis will make up about 80% of Tesla’s enterprise value in 2031, down from about 90% in 2029 in its 2024 model. Tesla unveiled its redesigned Roadster at SpaceX’s test site in McGregor, Texas, where the car flipped and jumped over Tesla vehicles; Musk said it can reach 60 mph in under a second and a top speed of 230 mph. Tesla said production will start in 2028, with deposits of $50,000 for the Performance version and $250,000 for the Thrust version. Ark also said a SpaceX-Tesla merger could happen within five years and estimated the combined companies could generate $3.8 trillion in revenue and $2.7 trillion in EBIT by 2031.
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▲ Likely positiveTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/19/2026 | 368.06 |
| Change that session | +3.76% |
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