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