In a recent interview with CNBC, Cathie Wood predicted that Tesla’s price would reach $2,000 per share by 2027. On the same day, she made those comments, Tesla shares fell 9.75%.
Source: Tesla website
Cathy Wood’s interview is as follows: “We predict that Tesla will be worth $2,000 per share in 2027. In a bear market and bull market environment, Tesla’s share price will fluctuate between $1,400 and $2,500.
Another expert on the show with Cathy Wood thought she had misheard, and this was more than ten times the current price of Tesla ($163). Cathy Wood then reinforced this view and argued that Tesla’s Robotaxi programme was a huge opportunity that would drive the share price up.
Kathleen Duddy-Wood, an American financial analyst and entrepreneur who is currently CEO and President of Investments at Ark Capital is widely known for her investments in disruptive and innovative technology companies and the high returns of her funds, and is nicknamed the “Goddess of Technology Stocks”.