Tesla jumps 6% as Ark Invest predicts $3,000 stock price by 2025

The asset management firm run by Cathie Wood also said Tesla’s electric vehicle revenue could reach $367bn by 2025.

Shares of Tesla jumped over 6 percent on Monday, getting a lift from a bullish report from Ark Invest, an influential shareholder in the electric car maker. Ark Invest said in a report on Friday that it expects Tesla’s stock price to more than quadruple to $3,000 by 2025. Tesla was last trading at $698 a share. The asset management company run by Cathie Wood also predicted Tesla’s electric vehicle revenue would reach between $234bn and $367bn by 2025.