Cathie Wood’s Ark Buys $42 Million In Tesla—Predicts 1,100% Rise For The Stock
Some reviews criticise that Ark's prediction of Tesla's share price of USD 2000 by 2027 is doubtful. But at least Cathie Wood put the money where her mouth is.
Ark forecasts Robotaxi and Autonomous Vehicles (AV) as the driving force. There are news that Waymo, Cruise and Baidu are leading in AV and Mercedes FSD is rolling our Level 3 driving to US ahead of Tesla. Then why Ark not investing in these companies?
AV or robotaxi technology whoever roll out is still a breakthrough which will benefit to the whole EV industry. Eventually the news will benefit Tesla who have tons test drive AV data and best selling EV in US. Ark knows Tesla's potential. The analogy is OpenAI breakthrough in ChatGTP bring share price rally to all AI related stocks and ETF.
Ark forecasts Robotaxi and Autonomous Vehicles (AV) as the driving force. There are news that Waymo, Cruise and Baidu are leading in AV and Mercedes FSD is rolling our Level 3 driving to US ahead of Tesla. Then why Ark not investing in these companies?
AV or robotaxi technology whoever roll out is still a breakthrough which will benefit to the whole EV industry. Eventually the news will benefit Tesla who have tons test drive AV data and best selling EV in US. Ark knows Tesla's potential. The analogy is OpenAI breakthrough in ChatGTP bring share price rally to all AI related stocks and ETF.
Quote:
Stock picker Cathie Wood’s Ark Invest bought Tesla’s dip in a big way on Thursday, boldly forecasting the electric vehicle company will surge to a more than $6 trillion valuation over the next four years on the same day its stock tanked 10%.
Stock picker Cathie Wood’s Ark Invest bought Tesla’s dip in a big way on Thursday, boldly forecasting the electric vehicle company will surge to a more than $6 trillion valuation over the next four years on the same day its stock tanked 10%.
Ark set a $2,000 base case scenario for Tesla’s share price in 2027, an 11-fold increase, setting its bearish forecast at a $1,400 share price and bullish at $2,500, eight-fold and 14-fold respective jumps.
Driving Ark’s lofty expectations for Tesla were its forecasts for the company’s robotaxi, or driverless ride hailing, segment, projecting $200 billion in 2027 revenue from the unit in a bearish scenario and $613 billion in a bullish case, a seemingly tall ask for a division that currently brings in no revenue.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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