From Nasdaq: 2025-04-13 05:15:00

Tesla (NASDAQ: TSLA) is a hot topic, with polarizing views on its future. If Ark Invest’s price target of $2,600 by 2029 comes true, owning 385 Tesla shares would make you a millionaire. The stock’s high valuation is due to the potential of its robotaxi services, which Ark values at 88% of the company’s total worth.

Investors must believe in Tesla’s robotaxi service, Cybercab production, rapid adoption, and cost-effective rides for the bullish case. Despite challenges, Tesla’s leadership in EVs, cost reduction efforts, and market share in the U.S. EV segment give hope for achieving these goals.

While Tesla has potential for substantial returns, it also carries risks. The stock’s value is tied to technology not yet in service, and the company has a history of overpromising. Enterprising investors may find Tesla appealing, but caution is advised due to uncertainties surrounding its future developments.

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Read more at Nasdaq: Is Tesla Stock Your Ticket to Becoming a Millionaire?