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Kiplinger
Kiplinger
Business
Joey Solitro

Can Tesla Stock Really Hit $2,000? Cathie Wood Thinks So

Cathie Wood Tesla Inc. ARK Ark Invest CNBC
Red Tesla logo with black background.

Tesla (TSLA) stock is down more than 30% so far in 2024, but Ark Invest CEO Cathie Wood thinks "now is not the time to run for the hills." In fact, Ark has been buying the stock and thinks it could rise to $2,000 per share in the next five years, representing an increase of more than 1,000% from today's levels.

"Autos, in the future, will be electric," Wood said in a recent interview with CNBC. "We believe in five years, 75% to 85% of all sales will be electric."

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