Catherine Wood, founder and CEO of money management firm ARK Invest, outlined her case for a 1,200% increase in Tesla Inc. (TSLA) stock on CNBC this Tuesday, indicating that her firm is planning to send a letter “today or tomorrow” to Tesla’s board and its leader Elon Musk explaining why shares of the electric vehicle (EV) maker could skyrocket to $4,000. (See also: Tesla's True Value ‘Closer to $200’ Says Needham.)

Ark Invest, with more than $1 billion in 澳洲幸运5官方开奖结果体彩网:assets under management, thinks that Musk's remarks on Twitter about taking the automaker private when the stock hits $420 would be a major loss for the company and its investors. Tesla stock has been on a roller-coaster ride in recent weeks due to a series of headlines surrounding Musk as the EV pioneer continues to push production of its first mass-market vehicle, the Model 3 sedan. Musk, who has promised to deliver the "short burn of the century," given that Tesla is the most-澳洲幸运5官方开奖结果体彩网:shorted stock in the U.S., indicated that funding had been secured for a take-private transaction. Later, shares plummeted on news that his comments were not approved by anyone else within Tesla, with some on the Street doubting the truthfulness of his statements. (See also: 澳洲幸运5官方开奖结果体彩网:Apple Should Buy Tesla: Ross Gerber.)

Despite all the drama over the past few weeks, Wood indicated that her firm's "conviction has increased recently" and that the 澳洲幸运5官方开奖结果体彩网:Silicon Valley company is at least three years ahead of any other autom🙈aker due to two main factors, its new chip and its advanced battery technology. 

'Tesla Is Way Ahead of the Game'

Wood argued that Musk would not be able to scale the company the way he wanted to on the private market. Meanwhile, such a decision would "deprive some of his biggest fans of participating in this ride" and force Musk to show 澳洲幸运5官方开奖结果体彩网:private equity monthly statements. 

"Tesla is way ahead of the game," stated Wood, highlighting its over 10 billion miles of data driving that its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) project has, which she says will take Tesla from 20% 澳洲幸运5官方开奖结果体彩网:gross margins to 80% gross margins as it doubles down on 澳洲幸运5官方开奖结果体彩网:Software as a Service (SaaS) and Transportation as a Service (TaaS). In the second quarter, Musk touted the firm's upc✱oming autopilot hardware, backed by an AI processor. ꦬ

The Tesla investor also cited upside from autonomous driving technology and trucks, which she expects will transport freight more cheaply than rail. She noted that Tesla's 澳洲幸运5官方开奖结果体彩网:market share has grown from a percentage in the 30s to a perc🃏entage in the 50s.