Reported 7 months ago
Ark Investment Management's Cathie Wood has updated her outlook on Tesla's stock price, with a base case of $2,600 by 2029, a bullish case of $3,100, and a bear case of $2,000. This update follows Tesla's challenges in 2024, including a stock drop of 28% due to increased EV competition and operational issues. Despite the setbacks, analysts at Ark are optimistic about Tesla's robo-taxi plans and foresee significant growth potential in the coming years.
Source: YAHOO