Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in this region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

Ark forecasts Tesla at $3000 by 2025

Ark forecasts Tesla at $3000 by 2025

Updated

What happened? 

Cathie Wood’s Ark Invest claimed it foresees Tesla to hit the $3000 level by 2025. Nobody doubts that it really can happen as Tesla’s performance is outstanding, especially in 2020. Ark Invest’s bear scenario implies Tesla will reach $1500 per share, while according to the bull scenario, the stock price will hit $4000. 

Why?

This optimism is caused by Elon Musk’s intentions to launch an autonomous robotaxi service. No driver, just a smart tech system! According to Ark, it will bring in as much as $327 billion in revenue for Tesla. 

It’s worth mentioning, Tesla is the largest holding for Ark Invest. The company has been a long-term Tesla bull and has already predicted the massive Tesla’s growth back in 2018. And, Tesla has even outraced Ark’s predictions and beat Ark’s forecasts two years ahead of schedule!

Technical analysis

Tesla has risen by 3% in pre-market hours, driven by encouraging Ark’s forecast. Once the stock trading is available (wait for 15:30 MT), Tesla should jump to the 50.00% Fibonacci retracement level of $720.00. If it manages to break this resistance, the way up to the 50-day moving average of $780.00 will be open. Just in case, be aware of support levels at the 23.6% Fibo level of $625.00 and the low of March 8 at $560.00. 

TESLADaily.png

It's more easier to trade stocks in our app FBS Trader

IMG_20210322_162533.269.jpg

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5 . FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area.

                                                                                                  LOG IN

Deposit with your local payment systems

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com