美国MITBBS

Bill Gates once famously said people tend to overestimate the amount of change that can occur in one year, but underestimate the amount of change that can occur over 10 years. It’s a cliché, known as Gates’ law, that ARK Invest and its CEO, Cathie Wood, need to be true if their lofty price target for Tesla is to become reality.

ARK analysts, led by Tasha Keeney, put out a report detailing their latest bullish prediction for Elon Musk’s EV giant on Wednesday. It argues Tesla shares will skyrocket roughly 1,350% to $2,600 by 2029—and robo-taxis are key to the optimistic thesis. “ARK estimates that nearly 90% of Tesla’s enterprise value and earnings will be attributed to the robo-taxi business in 2029,” Keeney and her team wrote.