Dave Mosher/Business Insider
- An investment firm with a $164 million stake in Tesla is urging Elon Musk to not take the company private.
- ARK Investment Management says Tesla's stock price could be worth $4,000, but will never get there on private markets.
- Watch Tesla trade in real-time here.
ARK Investment Management — which owns 580,000 shares of Tesla, worth roughly $163.84 million — has published an open letter to CEO Elon Musk urging him to not take the electric-car maker private, arguing the stock could be worth nearly ten times the billionaire's $420 target.
"Tesla should be valued somewhere between $700 and $4,000 per share in five years," Cathie Wood, the firm's founder and chief executive, said.
See the rest of the story at Business Insider
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from Business Insider https://ift.tt/2BCbQwc
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