Reported about 7 hours ago
Despite a challenging February, Cathie Wood, founder of Ark Invest, maintains a strong belief in Tesla, citing substantial pent-up demand for electric vehicles and the upcoming introduction of robotaxis as key growth drivers. Although Tesla's stock has fallen significantly, including a 28% drop in February, Wood envisions a price target of $2,600 by 2029 due to expected advancements in self-driving technology. However, the company faces pressures from increased competition and new tariffs that may impact its profitability.
Source: YAHOO