"I wouldn't be surprised about some short-term upsets," Tasha Keeney, ARK Invest's Director of Investment Analysis, told CNBC's Last Call on Monday.
"But I think the long-term story is EVs are here to stay."
ARK Invest's current price target for Tesla stock is $2,000 by 2027.
Keeney emphasized that ARK Invest is focused on the long-term innovations Tesla is poised to capitalize on -- like robotaxis.
I think it's going to do the same for autonomous driving," Keeney said.
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