Cathie Wood's Bold Prediction: Is a 500% Increase Possible for Tesla?

With its position at the frontier of cutting-edge technology, Tesla (NASDAQ: TSLA) naturally aligns with the investment philosophy of Cathie Wood and her firm, Ark Invest. Known for its focus on innovative companies capable of disrupting established business models, Ark Invest holds Tesla as a substantial portion of its portfolio, accounting for over 8% of its total holdings, the most of any company. 

Confidence in Tesla's-long term success stems from its prowess in the electric vehicle (EV) industry as well as its embrace of artificial intelligence (AI). 

But just how high does Wood think Tesla can soar? Well, the answer lies in the results of Ark's Monte Carlo simulation conducted last year. 

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Source Fool.com