Cathie Wood Thinks Tesla Will Hit $2,600 a Share. Here's Why $26 Is More Likely
Let's separate fact from fiction.
Tesla (NASDAQ: TSLA) has long been a battleground stock with very divided views about where the stock will go, and the trenches only seem to have gotten deeper in recent months.
CEO Elon Musk, no stranger to controversy, has become a highly polarizing figure over his entry into politics. His alliance with U.S. President Donald Trump, his campaign to lay off federal employees as the head of the ad hoc organization known as the Department of Government Efficiency (DOGE), and his support of the far-right AfD party in Germany have all raised questions that are affecting Tesla.
Investors' doubts about Tesla stock can be seen in the stock's recent rollercoaster ride. Shares soared after Trump was elected, only to give up all those gains, as the thesis that it will benefit Tesla seems to have fallen apart since the inauguration.
