Ark Invest has a new bull case that Tesla could maintain or even grow its current 17% global EV market share.
The bear case for Ark Invest for Tesla for the next 5 years is for Tesla to more than double its stock price to $700. Tesla would still have 6% share of global EV sales. Ark Invest forecasts global EV sales at the end of 2024 at 37 million cars per year. This would be about one-third of all new car sales. This would be 2.2 million cars per year.
The previous bull case was for Tesla to have 11.6% share of global EV sales. This would be about 4.3 million cars per year in 2024.
The new bull case is for Tesla to still have 17% of global EV sales. This would be about 6.3 million cars per year in 2024.
Ark Invest feels that Tesla and will continue to grow its technological lead with batteries.
Tesla also has its AI chip for self-driving.
Tesla will also have battery storage and solar roofing sales.
Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.