Is Cathie Wood Actually Right About Tesla Stock?
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Ark Invest’s price targets on Tesla shouldn’t be taken too literally and may prove overly optimistic (again), but they are based on sound arguments.
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Tesla has a history of overpromising and underdelivering on full self-driving.
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Tesla could still be a highly lucrative investment if its robotaxi business succeeds.
Cathie Wood’s Ark Invest has been one of the most vocal supporters of and investors in Tesla (NASDAQ: TSLA), and it’s no secret in the investing world that Ark has a $2,600 price target on the stock for 2029. Still, what does that target mean, and does Ark’s reasoning make sense? Here’s the lowdown.
The investment company’s price target won’t…
