Jim Cramer on Tesla: 'Who Am I to Argue With Cathie Wood?'

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ARK says that it believes that Tesla  (TSLA) - Get Report could hit $3,000 a share by 2025. Its bear case is $1,500, and its bull case is $4,000 a share by 2025.

"Since our 2024 analysis, we have increased our assumptions for Tesla’s capital efficiency. Previously we estimated that Tesla would spend $11,000-$16,000 per incremental unit of capacity in 2024. In 2019, Tesla spent $1.33 billion on capital expenditures (capex) and produced 509,737 vehicles, an increase of 144,505 vehicles from the previous year, suggesting that its capex per incremental vehicle produced was roughly $9,200," ARK wrote in its analysis of Tesla's electric vehicles. 

Read the full analysis on Tesla here

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