ARK Invest Sets $4,400 Tesla Price Target by 2031 Driven by Robotaxis

ARK Invest released an updated valuation model projecting Tesla Inc. shares could reach a base case price target of $4,400 by 2031, up nearly twelvefold from recent trading levels of $367.29 to $368.06. ARK projects Tesla's total revenue will hit $1.45 trillion in 2031, led by robotaxis generating $753 billion in revenue and comprising roughly 80% of enterprise value. The model also outlines bull and bear targets of $5,000 and $3,300 per share, while suggesting a potential Tesla-SpaceX merger within five years.