Written by Dheepan Ramanan (@dheepan_ramanan), Data Scientist and Ivan Kopas (@ivan_kopas), Machine Learning Engineer Last Friday ARK Invest released a new price target for Tesla as well as an updated, open-source model. The scale of autonomous ride hailing networks and ARK’s estimate for Tesla’s dominance emerged as the most contentious elements in the model. These components contribute nearly 50% of ARK’s $3k 2025 price target. On twitter there has been considerable debate on the size of the Robotaxi market and Tesla’s lead in autonomous driving, questioning whether Tesla’s Full Self Driving (FSD) approach can be reverse-engineered and replicated by the competitors.