Cathie Wood Projects Tesla's Stock to Hit $2,600 by 2030
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ARK Invest CEO Cathie Wood has predicted a dramatic 744% increase in Tesla's stock price by 2030, driven primarily by its robotaxi platform. Wood's forecast sets a target of $2,600 per share, attributing 90% of this valuation to Tesla's autonomous vehicle fleet. During Tesla's Q4 2024 earnings call, CEO Elon Musk discussed the potential for Tesla owners to generate income by renting out their self-driving cars, similar to Airbnb's model. Wood suggested that Tesla might offer subscription or pay-per-use options for this service. Currently, Tesla shares are trading at $308.Source:Show Original
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