Reported 1 day ago
Cathie Wood of Ark Investment Management is optimistic about Tesla, forecasting its stock will reach $2,600 in the next five years, largely driven by the anticipated value of its robo taxi services. Despite a 31% drop in Tesla's shares this year amid competition from BYD and declining sales in key markets, Wood believes Tesla will remain a leader in the EV market and views its upcoming innovations as pivotal to overcoming current challenges.
Source: YAHOO