"wooden Sister" Cathie Wood, founder of ARK fund, is still very optimistic about Tesla, Inc..(TSLA.US), reiterated that Tesla, Inc. 's share price will reach an all-time high of US $3000 by 2025, up from US $864 now.
Wood also focuses on Tesla, Inc. 's insurance business and believes the product can be rolled out to more states in the next few years, with above-average profit margins.
"our expectations for Tesla, Inc. 's success have been raised. The main reason is their market share. From the end of 2017 to the present, instead of falling, it has risen sharply, "Wood said previously.
Several ETF of Wood that focus on innovation all regard Tesla, Inc. as the largest heavy stock.
Wood has said that the introduction of new electric vehicles by more mature carmakers will only validate Tesla, Inc. 's strategy. In addition, Wood is optimistic about the market potential of electric vehicles in China.