Ark| An Open Letter Against Taking Tesla Private(August 22, 2018

Dear Elon: An Open Letter Against Taking Tesla Private

by Catherine Wood, Chief Executive Officer
Chief Investment Officer

August 22, 2018

 

Dear Elon and Tesla’s Board of Directors,

As Chief Investment Officer of ARK Invest, a Tesla shareholder, I am writing to express some of our views about its outlook and investment potential. We believe that Tesla should remain a public company.

According to ARK Invest’s research, Tesla should be valued somewhere between $700 and $4,000 per share ?in five years.[1] ?Taking Tesla private today at $420 per share would undervalue it greatly, depriving many investors of the opportunity to participate in its success. In our view, given the right investment time horizon, TSLA is a deep value stock today.

https://ark-invest.com/articles/analyst-research/tesla-private/