Ark Founder Cathie Wood Places A $3 Trillion Valuation On Tesla

Wood Sets $3 Trillion Valuation on Tesla

Bloomberg notes Cathie Wood’s Ark Has a New Price Target for Tesla: $3,000

Cathie Wood’s Ark Invest Management expects Tesla Inc. stock to hit $3,000 by 2025, up from its current price of $655. At that price, the company would be worth almost $3 trillion, based on the number of shares outstanding.

Ark expects there’s a 50% chance of Tesla (TSLA) achieving fully autonomous driving within five years, which could allow the company to scale its planned robotaxi service quickly, according to a Friday note on Ark’s website.

Wow. 

Do I file this under technology or prophesy?

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