Elon Musk and Cathie Wood Think Tesla Could Be Worth Over $6 Trillion in the Future. Here's What Could Prove Them Wrong.
(NASDAQ: TSLA) has been one of the hottest stocks of 2023 so far. The electric vehicle (EV) maker's shares have skyrocketed more than 120%. But that could be just the tip of the iceberg.
Cathie Wood's Ark Invest predicted in April that Tesla could trade at $2,000 per share by 2027. In Tesla's second-quarter earnings call in July, CEO Elon Musk stated that he "see[s] a path to a 10x" gain.
Ark Invest's price target implies a market cap of well over $6 trillion for Tesla. Musk's tenfold increase would mean a market cap of close to $9 trillion. Here are three reasons why both could be proved wrong.
Source Fool.com