Vote Now | Could Tesla Hit Cathie Wood's $2,000 Price Target by 2027?
Tesla's first quarter earnings triggered a near 10% sell-off Thursday, investors concerned about margins as the company continues to cut prices.
But that did not faze Ark Invest's Cathie Wood. She expected Tesla to hit $2000 a share by 2027 and bought over 256,000 shares of Tesla at an estimated valuation of over $41.7 million based on Thursday's closing price.
Tesla's prospective robotaxi business line is a key driver, contributing 58% of expected enterprise value and 45% of expected EBITDA in 2027.
Here are some of the numbers Ark Invest expects for Tesla in 2027.
Mooers, do you think that they actually do some research or is it just Cathie Wood playing darts while being blindfolded? Will you continue to buy into Cathie Wood's futuristic vision?
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steady Pom pipi : 2026 - $1,530
2027 - $2000
Hahaha, prices are getting higher!
Wood's target price for Tesla stock is around $1,530, a figure she expects to hit around 2026.
DukeSteven : $2000 yahoooo
vicky1979 : of course the best tech company in the world. Game changer!!!
Bruce teo : hope tesla will go up and up
Skykit : Yes, the next few years
Venture118 : She’s is clown as always… with sky high prediction whenever she bought
103859386 : It's possible. Because of the depreciation of the dollar! The dollar is on a par with the yuan!
NayaZindagi : Well, it's nice for Tesla stock prices to sky-rocket in coming years.
However, when it comes to Auntie Cathie, I'm not bothered about all her predictions. Well, she had bought and sold (repeat cycle) Tesla stocks in the past. I'm sure she will sell her currently bought Tesla stocks within this year, ignoring her own prediction in 2027. Her ARK stocks are already doomed!
SHYC : with so many EVs entering the market now, Telsa already needs to reduce prices to push for more sales. If only Telsa can produce the world 1st flying car then sound possible. Don't dream .... please wake up everyone.
Raymond Lee JH : That Cathie is famous for talking rubbish. Dun listen to her nonsense all time. We need to research thoroughly on our own.
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