Reported 7 months ago
On June 13, 2024, at 4:10 PM, Cathie Wood, known as the 'Queen of Stocks,' expressed optimism for Tesla, setting a target price of $2,600 per share for 2029 through her ARK Investment Management. This ambitious target suggests Tesla's stock could increase 15-fold in five years with an average return rate of 72%. Despite Wall Street analysts offering a lower average target price of $183 per share for 2024 due to increasing market competition and slowing electric vehicle demand, Wood remains confident in Tesla's future, especially focusing on the potential of Tesla's not-yet-launched fully autonomous driving vehicles.
Source: YAHOO