Cathie Wood, Ark Invest Set New $2,600 Price Target For Tesla: 'Every Car Becomes An AI-Powered Cash Flow Generation Machine'

Benzinga · Jun 12 23:18

Ark InvestCEO and founderCathie Woodmay be best known for her 2018 price prediction onTesla Inc(NASDAQ:TSLA) shares. The price prediction was heavily scrutinized but came true years later and helped boost the profile of Wood and the price of many Ark Invest ETFs.

Wood and Ark are back with an updated Tesla price prediction that revolves heavily on the company's autonomous vehicle ambitions.

What Happened:In 2023, Ark Invest set a price target of $2,000 for Tesla for 2027. Then on Wednesday, the investment management firm announced a new price target of $2,600 for 2029.

"ARK estimates that nearly 90% of...

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Cathie Wood, Ark Invest Set New $2,600 Price Target For Tesla: 'Every Car Becomes An AI-Powered Cash Flow Generation Machine'

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