Here's How Much $1,000 Invested In Tesla Stock Will Be Worth If Cathie Wood's Price Target For 2027 Comes True
Portfolio Pulse from Chris Katje
Cathie Wood of Ark Invest has set a new price target for Tesla Inc (TSLA) at $2,000 by 2027, with a market cap of $4.4 trillion. The bear and bull cases are $1,400 and $2,500, respectively. Wood emphasizes Tesla's AI and autonomous driving technology, not just its automotive aspect. Tesla is a significant holding in ARKQ, ARKK, and ARKW ETFs. A $1,000 investment in TSLA could yield returns between 551% and 1,062.5% if Ark's targets are met.
January 18, 2024 | 4:17 pm
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POSITIVE IMPACT
Tesla, being the second-largest holding in the Ark Innovation ETF at 8.1%, may positively influence ARKK's performance if Tesla's stock rises.
ARKK, which holds a significant portion of Tesla stock, could see its value increase if Tesla's stock price approaches the targets set by Ark Invest.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Tesla is the largest holding in the Ark Autonomous Technology & Robotics ETF, comprising 11.7% of its assets, potentially benefiting from Tesla's price target.
As Tesla is the largest holding in ARKQ, positive sentiment and price target increases for Tesla could lead to a corresponding increase in ARKQ's value.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
With Tesla as the fifth holding in the Ark Next Generation Internet ETF, accounting for 5.4% of assets, ARKW may benefit from Tesla's growth.
ARKW's performance is partially tied to Tesla's success, and the new price targets could lead to an uptick in ARKW's value in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ark Invest's CEO Cathie Wood sets a bullish price target for Tesla at $2,000 by 2027, with potential high returns for investors if the target is met.
The new price target set by a prominent investment firm like Ark Invest could generate investor optimism and drive up TSLA's stock price in the short term, especially considering Wood's past successful prediction.
CONFIDENCE 75
IMPORTANCE 90
RELEVANCE 100