The asset manager led by Cathy Wood also anticipated it Tesla electric vehicle revenue will reach between $ 234 billion and $ 367 billion by 2025. Tesla’s total revenue in 2020 grew 28% to $ 31.5 billion.
Popular with retail investor, Ark Innovation Mutual Fund Tesla owns shares close to $ 2.5 billion. Tesla accounts for about 10% of the $ 24 billion Ark Innovation fund, which makes it The largest investment of the fund.
Ark Innovation is up 1.9% on Monday and more than 200% in the past 12 months.
Tesla has incurred a loss of more than 20% from its all-time high in January, but has risen nearly 700% in the past 12 months.