Reported 8 months ago
Cathie Wood of Ark Invest has set a $2,600 price target for Tesla, predicting it to reach by 2029. Wood's bold prediction is based on Tesla's robotaxi business potential, which she believes will drive revenue and earnings in the coming years. However, reaching Wood's target would require Tesla's stock to increase significantly, and the success of her prediction depends on various factors such as the adoption of self-driving vehicles and competition in the market.
Source: YAHOO