EXCLUSIVE: Cathie Wood Breaks Down $2,000 Tesla Price Target With Benzinga
Portfolio Pulse from Chris Katje
Ark Invest CEO Cathie Wood reaffirmed her $2,000 price target for Tesla Inc (NASDAQ:TSLA) by 2027, hinting at a potential future increase. Wood's confidence in Tesla's autonomous technology has grown, and she is impressed with the company's software upgrades. Despite Ark's bullish stance on Tesla, the firm has sold some Tesla shares to take profits and move funds to other companies, such as Archer Aviation (NYSE:ACHR). Wood also compared Tesla's decision to design its own chip for autonomous driving to Apple Inc's (NASDAQ:AAPL) strategy.
September 05, 2023 | 3:15 pm
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POSITIVE IMPACT
Cathie Wood compared Tesla's decision to design its own chip for autonomous driving to Apple's strategy. This could potentially boost investor confidence in Apple.
Cathie Wood's comparison of Tesla's decision to design its own chip for autonomous driving to Apple's strategy could potentially boost investor confidence in Apple, potentially leading to a short-term increase in Apple's stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Ark Invest has moved funds from Tesla to other companies, such as Archer Aviation. This could potentially boost investor interest in Archer Aviation.
Ark Invest's decision to move funds from Tesla to other companies, such as Archer Aviation, could potentially boost investor interest in Archer Aviation, potentially leading to a short-term increase in Archer Aviation's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Ark Invest CEO Cathie Wood reaffirmed her $2,000 price target for Tesla by 2027, hinting at a potential future increase. This could potentially boost investor confidence in Tesla.
Cathie Wood's reaffirmation of her $2,000 price target for Tesla by 2027 and hint at a potential future increase could boost investor confidence in the company, potentially leading to a short-term increase in Tesla's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100