Cathy Wood, a well-known growth investor, told CNBC in a video interview that she expects Tesla to reach $2,000 per share by 2027. His comments came on the same day as Tesla’s share price 9.75% fell The company reported a decline in net income after it cut prices of its vehicles to increase its market share to better position it in the future.
When asked about ARC Invest’s assessment of the new Tesla, the company’s CEO, Cathy Wood, responded by saying:
“For 2027, our expected price is around $2,000. That’s within the $1,400 to $2,500 range, our bear and bull case.”
Apparently a little taken aback by the image Wood was sharing, another CNBC interviewer asked him to clarify the number in the conversation because it represented a tenfold increase from the current share price of $163. . He confirmed the data and said that Tesla’s robotaxi project is a huge opportunity that could lead to higher stock prices.
Cathy Wood said global robotics could deliver between $8 trillion – $10 trillion in revenue by 2030 and is “one of the most important opportunities of our lifetime.” He explained that autonomous vehicles will reduce road-related deaths by 80% to 90%.
The end date of this prediction is not far in the future so this wild prediction may stay in people’s minds until it expires. If this turns out to be true, those who bet and invest in Tesla will be handsomely rewarded. For anyone considering this, you should only invest what you can afford to lose.