Cathie Wood out with a new price target for Tesla. She was the one a couple years ago who called for $4,000 (which it hit using the pre-split numbers). Now Ark updated their target and it is another high projection.
Do you think she will be right again?
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I don't know but I honestly don't think she will be right again. The amount of capital that Tesla needs to expand to that position is far too much. Also they lost a few factors that can push price, like being included in the SPY and being profitable. Tesla would require more like a straight line up to maintain it and the economy itself is shaky. Thus expanding into new industries is probably not the best choice right now.
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Reworking the one they are in is enough I think.
They are going to really alter how the entire industry operates in my opinion. The idea of making cars to sell will see absurd by the end of this decade.
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