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Cathie Wood Predicts Tesla Shares to Hit $2,600 by 2030

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by Giorgi Kostiuk

3 days ago


Cathie Wood, CEO of Ark Investment Management, shared her projections about the future of Tesla and Bitcoin. She expects significant growth in Tesla stocks and explained the factors that could contribute to it.

Robo Taxis as Tesla's Growth Driver

Cathie Wood believes Tesla stocks could reach $2,600 by 2030 thanks to the autonomous taxi market. She also noted that the company's robotic initiatives are not yet included in forecasts.

We haven't included that in the valuation.Cathie Wood

Ark's Investment Strategy

Despite Tesla's recent stock drop, it remains Ark Investment's largest holding. Cathie Wood also predicts Bitcoin to rise to $1.5 million by 2030. Ark continues to invest in Tesla and cryptocurrency-related companies.

We've been buying Tesla and names that mimic Bitcoin.Cathie Wood

Cathie's Macroeconomic Outlook

Cathie Wood believes the U.S. economy is in a rolling recession and expects rate cuts in 2025. She pointed out declining inflation and innovation-driven deflation as major economic drivers.

We think we're already in it.Cathie Wood

Cathie Wood's forecasts bring attention to autonomous driving and cryptocurrencies, highlighting her influential role in investment discussions.

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