Cathie Wood Thinks Tesla Stock Will Soar. Here's Why a Crash Is Much More Likely.
Cathie Wood has made a name for herself at ARK Invest with bold bets on transformative technology stocks such as Tesla (NASDAQ: TSLA). She has accumulated billions of dollars in investor assets with promises of high growth by focusing on innovation.Her latest prediction is for Tesla to rise to $2,600 a share, which would bring its market capitalization close to $10 trillion.Today, it trades around $275. Wood and other investors are optimistic about the stock. However, if we look under the hood (or trunk?), the picture is a lot murkier. Here's why the stock is much more likely to crash than reach a price of $2,600 anytime soon.Continue reading
Cathie Wood has made a name for herself at ARK Invest with bold bets on transformative technology stocks such as Tesla (NASDAQ: TSLA). She has accumulated billions of dollars in investor assets with promises of high growth by focusing on innovation.
Her latest prediction is for Tesla to rise to $2,600 a share, which would bring its market capitalization close to $10 trillion.
Today, it trades around $275. Wood and other investors are optimistic about the stock. However, if we look under the hood (or trunk?), the picture is a lot murkier. Here's why the stock is much more likely to crash than reach a price of $2,600 anytime soon.
