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Elon Musk told employees that he agrees with Ark Invest that Tesla (TSLA) is worth $3,000 a share “if they execute really well.”

The CEO has often commented on Tesla’s stock price, but surprisingly, it was often to say that the price was too high.

In 2020, when Tesla’s stock was reaching new high, Musk told his millions of followers on Twitters that he believed the stock was “too high”.

It sent Tesla’s stock crashing, but now it is even higher than when Musk made the comment.

Tesla is currently trading at $733 a share and the automaker is the most valuable automotive company in the world at over $730 billion.

Wall Street firms are divided on whether or not the company is overvalued, but a few of them believe that Tesla could be worth a lot more.

Ark Invest is one of them.

Though to be fair, the company is also a large Tesla shareholders through its investment funds.

This week, they released a new note claiming a $3,000 base stock price target by 2025 for Tesla.

 Cathie Wood said about the price target during an interview with Yahoo Finance:

“Our estimate for Tesla’s success has gone up. The main reason for that is their market share. Instead of going down from year-end 2017 to today, it has actually gone up fairly dramatically,” 

In its valuation models, Ark Invest believes that Tesla is going to deliver between 5 and 10 million vehicles as soon as 2025.

That’s a significant ramp considering Tesla likely will deliver less than 1 million vehicles this year.

The firm is also betting on Tesla delivering a completely autonomous ride-hailing network, known as Tesla Network, that is going to bring in a lot of money with high margin.

In an email to Tesla employee obtained by Electrek, Elon Musk shared with employees Ark’s new $3,000 price target and that he agrees with Ark:

“If we execute really well, I agree with Ark Invest.”

A $3,000 share price would put Tesla’s valuation at $3 trillion and make it the most valuable company in the world.

Electrek’s Take

Since Ark’s new note was an update on their valuation model and price target, it is fair to say that Musk’s email is basically a direct comment on Tesla’s stock price.

He believes that “if executed really well”, Tesla should be worth $3 trillion within the next 4 years.

To be fair, that’s a longer price target timeline than most, but it’s still rare that Musk comments on the stock price positively.

I remember Musk just a few years ago telling employees to “ignore the stock price“.

Now he is literally sending them an email about the stock price. What changed?


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Olivia Hussey, star of 1968 film Romeo and Juliet, dies at 73

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Olivia Hussey, star of 1968 film Romeo and Juliet, dies at 73

Actress Olivia Hussey, best known for playing Juliet in Franco Zeffirelli’s 1968 production of Romeo and Juliet, has died aged 73.

She died peacefully at her home in California, surrounded by her loved ones on Friday, according to a post shared on her official Instagram account.

The message, posted with a sunset photo of Hussey in her youth, paid tribute to “a remarkable person whose warmth, wisdom, and pure kindness touched the lives of all who knew her”.

It went on: “Olivia lived a life full of passion, love, and dedication to the arts, spirituality, and kindness towards animals”.

Calling her a “truly special soul”, her family said while her “immense loss” was grieved, they would also “celebrate Olivia’s enduring impact on our lives and the industry”.

Born in Buenos Aires in 1951 to an Argentinian father and English mother, Hussey returned to London aged seven with her mother and studied at the Italia Conti Academy drama school.

Spotted by Italian director Zeffirelli in a stage show of The Prime Of Miss Jean Brodie opposite Vanessa Redgrave, Hussey’s performance as Juliet aged just 15 made her a star and won her a Golden Globe.

Sixteen-year-old actor Leonard Whiting played her Romeo, with the pair going on to sue Paramount Pictures in 2022 for sexual abuse due to the Oscar-nominated movie’s nude scene.

(L-R) Franco Zeffirelli, Olivia Hussey and Leonard Whiting pictured in 1968. Pic: AP/Eustache Cardenas
Image:
(L-R) Franco Zeffirelli, Olivia Hussey and Leonard Whiting in 1968. Pic: AP/Eustache Cardenas

The case was dismissed by a judge the following year.

Hussey would work with Zeffirelli again, playing the Virgin Mary in the 1977 TV miniseries Jesus Of Nazareth.

Appearances in horrors including Black Christmas and Psycho prequel Psycho IV: The Beginning established Hussey as a scream queen over the years.

Other notable appearances included Hercule Poirot movie Death On The Nile and Mother Teresa biography Madre Teresa.

Read more:
Andrew Garfield on baking cookies and his mum’s perfume
Disabled musicians demand greater inclusivity

Hussey was reunited with Whiting in the 2015 British film Social Suicide, which was loosely based on Shakespeare‘s Romeo and Juliet.

Her daughter, actress India Eisley, played her on-screen daughter in the movie.

It was Hussey’s final screen role, according to IMDB.

Hussey leaves behind three children, Alex, Max, and India, her husband of 35 years David Glen Eisley, and grandson, Greyson.

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Andrew Garfield on baking cookies and keeping perfume to remember his mum

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Andrew Garfield on baking cookies and keeping perfume to remember his mum

Andrew Garfield says he bakes cookies every year in memory of his late mother.

The double Oscar nominee‘s mother Lynn Garfield, from Essex, died in 2019 from pancreatic cancer.

In a conversation about his new film We Live In Time, he told Sky News about the special ways he likes to remember her.

“My mum had the most incredible chocolate chip cookie recipe that I will do every year on the anniversary of her birth and on the anniversary of her death.

Pic: StudioCanal
Image:
Pic: StudioCanal

“So, I will bake them, and we will all eat them, but I’ll leave a few out for her somewhere, you know, like Rudolph the Red-Nosed Reindeer or Santa Claus at Christmas or something.”

The English-American actor says he looks to keep the connection to his mother alive and notes that he has some of her keepsakes in his own home.

“I have her perfume in my house that my mum used to wear when I was a kid. I have it, like, in a very special place. I’ll just like [smell it], when I need it.

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“It’s like in the missing and the longing, you actually get closer to the person. It’s a weird thing. As we reach out in grief, we actually feel much closer to the person so it’s this weird conundrum”.

Pic: StudioCanal
Image:
Pic: StudioCanal

‘Leaving a legacy behind’

Garfield stars alongside Florence Pugh in the romance film We Live In Time, which follows an up-and-coming chef and a Weetabix salesman through a decade of their love story.

Pugh says she loves playing “really strong-willed women” and says playing a woman dealing with ovarian cancer allowed her to look at the idea of creating a legacy.

“She’s constantly juggling whether she does something for herself, does something for her daughter, does something for her family and ultimately, she’s allowed to do all of those things.

“I do believe that she is trying to leave that kind of legacy behind so that her daughter is proud of her.

“Just because you are a parent and you’re a mum does not mean that your wills and wants also completely vanish and disappear and you can’t have or want them too”.

Pic: StudioCanal
Image:
Pic: StudioCanal

‘A level of detail and care’

We Live In Time is directed by Brooklyn filmmaker John Crowley.

Having previously worked with Garfield on Boy A, the Irish director says seeing Garfield and Pugh on screen together is magic.

“All that life experience is present in his performance,” he says.

“I wouldn’t say he’s vastly different. I think the level of detail and care that he puts in the work is every bit as much as it was back then, there’s just more there now”.

We Live In Time is in cinemas on Wednesday 1 January.

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‘It made me feel less than human’: Disabled musicians demand greater inclusivity

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'It made me feel less than human': Disabled musicians demand greater inclusivity

Elizabeth J. Birch has been a musician for a decade, has won several awards, and loves her job. However, she continues to feel like an outsider in a competitive and precarious industry.

As a wheelchair user, she commonly experiences accessibility barriers at venues, but there’s a more pressing issue – tokenism.

Birch tells Sky News: “While it’s not explicitly stated that it’s tokenistic, it feels tokenistic because [organisations] need a certain amount of disabled people on their board.

“For example, I was once called a poster girl for inclusion.”

Due to her own experiences, Elizabeth acknowledges why some with hidden disabilities choose not to disclose their conditions

When asked how the experience made her feel, she pauses and reflects: “Perhaps it didn’t make me feel like an individual or it made me feel less than human because I was narrowed down to one aspect of myself.

“It’s not about trying to look inclusive, it’s about trying to be inclusive.”

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A recent report by Help Musicians and the Musicians’ Union found 94% of those who have experienced discrimination based on their disability said it impacted their ability to work or advance their career progression.

Nyrobi Beckett-Messam, one half of the sister duo ALT BLK ERA, was diagnosed with multiple chronic conditions in 2021.

Out of the fear of discrimination, she wasn’t open about her hidden disability until only a few months ago.

“I didn’t feel comfortable sharing that side of me because society doesn’t accept it,” she says.

And she doesn’t regret opening up.

“I think the biggest benefit of me disclosing my disability is seeing how it’s impacted others,” she says.

“It’s really empowering, I wake up feeling every morning like the effect I’m having on the community.”

Nyrobi felt inspired to open up about her hidden disability after Lady Gaga revealed that she had chronic illness fibromyalgia in 2017

Among other key findings, the Musicians’ Census identified the following areas of concern when it comes to financial security, fair pay, and discrimination in the workplace:

• On average there is a £4,400 pay gap between disabled and non-disabled musicians
• The gap widens a further £1,700 for musicians with mental health conditions and/or neurodivergent profiles
• 27% of disabled musicians said they had experienced racism, compared with 7% of non-disabled musicians
• 73% of disabled respondents said they aren’t in receipt of any state benefits, tax credits, or support

Grace Meadows, head of engagement at Help Musicians and Music Minds Matter, said: “What this report really starkly highlights is just how much more work the industry needs to do to support disabled musicians but also to support anybody who may have a disability to speak up without fear of discrimination or disadvantage.

“And with benefits, really what we are needing to see is a change in what those systems look like so people can get the support they need when they need it.”

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A government spokesperson told Sky News: “We are bringing forward proposals to reform health and disability benefits in spring as part of a proper plan to genuinely support disabled people.

“We will work closely with disabled people and their organisations, whose views will be at the heart of these plans.”

Both Birch and Beckett-Messam believe in the social model of disability which recognises that people are disabled by barriers in society, not by their impairment or difference.

For now, they are determined to stay in the industry, but that could change if it stays the same.

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