Cathie Wood's Silent Warning on Tesla
There's no shortage of Tesla (NASDAQ: TSLA) bulls out there. CEO Elon Musk has developed a cult-like following, and early investors who have stuck with Tesla over the years have been handsomely rewarded. The stock is up more than 13,000% since its 2010 IPO and has returned more than 2,000% over the past decade.
Arguably, there's no bigger Tesla bull than Ark Invest's Cathie Wood. She made her reputation as a top growth stock investor in part because of a bold call on Tesla in 2018 that the EV stock would hit a pre-split price of $4,000 a share in the next five years, implying a gain of more than 1,000%. While many scoffed at that prediction, it remarkably came true in 2021. Wood has since raised Ark's base case price target on Tesla to $2,000 a share by 2027, implying a gain of around 1,000% again.
However, Ark Invest's recent transactions belie Wood's bullish talk on Tesla. The Ark chief has justified that price target by predicting that Tesla will dominate the market for "robotaxis," which she thinks will be a $9 trillion market by 2030.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 76 Buy predictions and 28 Sell predictions.
With a target price of 247 € there is a positive potential of 27.5% for Tesla Inc compared to the current price of 193.72 €.
