Investors in Tesla are advised to take a step back and look beyond the short-term challenges the company is facing, according to insights from ARK Invest’s Tasha Keeney. Despite recent price cuts causing Tesla shares to decline, ARK Invest has set a bold $2,000 price target for Tesla by 2027, suggesting a remarkable 1,300% increase in stock value.

With Tesla’s upcoming earnings report, there is anticipation for potential disappointments even among strong Tesla supporters. Keeney noted, ‘I wouldn’t be surprised about some short-term upsets, but I think the long-term story is EVs are here to stay.’ ARK Invest’s focus remains on the future innovations that Tesla is expected to lead, such as advancements in autonomous driving like robotaxis.

Despite the recent decline in Tesla’s stock price due to price adjustments on various models, Keeney highlighted the company’s competitive pricing, making it challenging for competitors to keep up. She emphasized Tesla’s significant impact on the electric vehicle industry and its potential to revolutionize autonomous driving technology.

For more insights and expert analysis on market trends and investment opportunities, subscribe to CNBC PRO and stay informed with the latest updates and recommendations from industry experts.