Reported about 10 hours ago
Cathie Wood of Ark Invest has set a $2,600 price target for Tesla's stock by 2029, though this figure is based on a Monte Carlo simulation and should be viewed with caution due to the unpredictable nature of growth stocks. The success of Tesla's future heavily relies on its robotaxi business and Full Self-Driving capabilities, which remain risky and unproven. If Tesla can successfully implement its robotaxi plans, there could be significant upside for investors; however, uncertainties remain regarding safety, regulatory hurdles, and competition in the autonomous vehicle market.
Source: YAHOO