Reported 7 months ago
Ark Invest, led by Cathie Wood, forecasts that Tesla stock could soar to $2,600 by 2029, representing a 1,366% upside, mainly driven by the potential of Tesla's AI-based full self-driving technology and the Cybercab platform. However, short-term challenges such as decelerating EV sales, increased competition, and regulatory hurdles could impact Tesla's growth trajectory. With Tesla's premium valuation and the uncertainty surrounding the adoption of autonomous driving technologies, achieving such a significant price target within the next few years appears unlikely, although Elon Musk finds it challenging but feasible.
Source: YAHOO