Cathie Wood Sees Tesla Stock Rising 8X in 5 Years

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The Street

By Dan Weil Tesla stock recently traded around $211, having almost doubled from its December low. Famed money manager Cathie Wood, chief executive of Ark Investment Management, has been a Tesla (TSLA) – Get Free Report proselytizer for quite some time. She predicted in 2020 that shares of the electric vehicle titan would reach $7,000 by 2025. Wood has tempered that bullishness a bit, now predicting a price of $1,500 to $1,600 by 2028. But that’s still almost eight times the recent price of $210.90. And what makes Wood so enthusiastic? “Tesla is one of the most profound AI [artificial intellige…

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