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Ark Invest projects Tesla stock reaching $5,000 by 2031

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Ark Invest, led by Cathie Wood, projects Tesla stock will hit $5,000 by 2031 in an optimistic projection. That target is more than 13 times where the stock trades today. Right now, Tesla sits around $366 per share. Even in a pessimistic projection, Ark puts the stock at $3,300. Their middle base case forecast comes in at $4,400. Some stock market calculators only come with extra zeros.

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