Cathie Wood Thinks Tesla's Stock Is Going to $2,600, While Bitcoin Will Hit at Least $700,000 by 2030. Which Might Actually Happen?
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Cathie Wood is more or less a perma-bull when it comes to tech and artificial intelligence, and many of the exchange-traded funds (ETFs) run by Wood's firm, Ark Invest, reflect this sentiment. Wood also isn't afraid to go out on a limb. Some of her more bullish calls relate to the electric carmaker Tesla (NASDAQ: TSLA) and the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC).Specifically, Wood has said she thinks Tesla can soar to multiples of what it trades at today and reach $2,600 per share by 2030. Meanwhile, Wood thinks Bitcoin can do the same and reach at least $700,000 by 2030 and possibly as much as $1.5 million. With both projections pretty lofty, which of Wood's predictions might actually come true? Let's take a look.Wood's $2,600 price target implies that Tesla's stock will rise more than sevenfold from current levels of about $345. Similar to other investors betting big on Tesla, Wood is a firm believer that Tesla is much more than just an electric carmaker. She is a big believer in Tesla's unsupervised full-self-driving (FSD) technology, which the company is working on rolling out this year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool