This Famous Investor Thinks Tesla's Stock Price Will Reach $2,600 Due to 1 Exciting Growth Catalyst
It's been a tough year for Tesla (NASDAQ: TSLA), with shares falling by 25% over the first four months of 2025. But long term, shares have the potential to go from $300 per share to more than $2,600. That's according to Cathie Wood, who manages the ARK Innovation ETF (NYSEMKT: ARKK). According to a recent interview, Wood believes Tesla's stock price will rise by more than 1,000% over the next five years. And she credits one exciting catalyst for nearly all of this growth potential.Historically, the biggest catalysts for Tesla's sales growth has been new product introductions. Sales picked up tremendously when the company began shipping luxury models like the Model S and Model X, but it was really mass market vehicles like the Model Y and Model 3 that made Tesla what it is today. Last year, the company delivered around 1.8 million vehicles to customers. More than 1.7 million of those vehicles were either a Model 3 or Model Y. Continue reading
It's been a tough year for Tesla (NASDAQ: TSLA), with shares falling by 25% over the first four months of 2025. But long term, shares have the potential to go from $300 per share to more than $2,600. That's according to Cathie Wood, who manages the ARK Innovation ETF (NYSEMKT: ARKK).
According to a recent interview, Wood believes Tesla's stock price will rise by more than 1,000% over the next five years. And she credits one exciting catalyst for nearly all of this growth potential.
Historically, the biggest catalysts for Tesla's sales growth has been new product introductions. Sales picked up tremendously when the company began shipping luxury models like the Model S and Model X, but it was really mass market vehicles like the Model Y and Model 3 that made Tesla what it is today. Last year, the company delivered around 1.8 million vehicles to customers. More than 1.7 million of those vehicles were either a Model 3 or Model Y.
