Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has given a nod of approval to ARK Invest’s analysis of the company’s Q1 expectations.
What Happened: Musk acknowledged ARK Invest’s analysis of Tesla’s Q1 expectations by commenting “Accurate” on Tasha Keeney‘s interview with CNBC’s Last Call, posted on social media platform X on Tuesday.
ARK Invest’s Director of Investment Analysis & Institutional Strategies, Tasha Keeney, expressed her views, stating, “I wouldn’t be surprised about some short-term upsets, but I think the long-term story is EVs are here to stay. Tesla’s prices are so competitive. It’s going to be very hard for any other company to catch up to them at this point.”
ARK Invest has set a price target for Tesla at $2000 by 2027.
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Why It Matters: This comes ahead of Tesla’s Q1 earnings, which are ...