Tesla’s biggest fan Cathie Wood predicts the stock to soar 10-fold as robotaxis take off

Quick Summary:

Wood is known for making outsize predictions, including her call that bitcoin would reach as much as US$1.48 million by 2030.

Wood’s comments came after Tesla’s share prices slumped nearly 43 per cent this year through April 22, as electric vehicle sales slowed globally.

Ark Investment Management’s CEO Cathie Wood spoke during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York on February 27, 2023.Photo: Reuters.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongChina

Topics: Autonomous Cent Investors Wood Share Tesla Stock Taxi Tesla’s Opportunity Revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 09:44:17 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 995 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21658618

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