Dear Elon: An Open Letter Against Taking Tesla Private
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/
