【ARK Invest CEO Cathie Wood moves her Tesla price target to $4,600】
According to reporting by Barron’s, Wood’s new price target for Tesla is $4,600 by 2026. If this is accurate, Tesla shareholders will enjoy a 44 per cent a year on average return. Previously, Wood had Tesla’s price target as $3,000 per share for 2025. The updated numbers reflect Tesla’s upcoming autonomous taxi service. ARK analyst Tasha Keeney said this in a post on ARK’s website.
“Tesla’s prospective robotaxi business line is a key driver, contributing 60% of expected value and more than half of expected Ebitda in 2026.”
News Source : Ainvest
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