Reported 16 days ago
Cathie Wood, the CEO of Ark Invest, has made a bold claim regarding Tesla, forecasting a staggering 990% upside that could elevate its stock price to $2,600 by 2029. This optimism hinges on the potential transformative impact of Tesla's self-driving technology and upcoming robotaxi service. However, as Tesla faces shrinking demand and significant competition, particularly from low-cost EVs, achieving such ambitious projections appears increasingly challenging.
Source: YAHOO