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 Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.