by John Walters
This morning Cathie Wood, the founder and CEO of ARK Investment Management, put out a note that she foresees shares of Tesla (TSLA) quadrupling in value to $3,000 by 2025. It’s worth noting that Wood, 65, was named “the best stock picker of 2020” by Bloomberg News.
We’d note the similarities between TSLA now and AMZN five years ago. By 2016 AMZN shares had already had a fabulous run-up, just as TSLA has made a 700% gain in the past year or so. And people were wondering how much higher AMZN, then selling at under $700 per share, might go.
TSLA is selling at just under $700 per share right now. AMZN is selling at about $3,100 per share today.
Who will remember this blog post in four years, besides Jacob Anstey and Susie B.? Who knows? Who knows if Susie B. is even still out there or if she’s burning incense and olive leaves in hopes that Sweet Pea’s ankle will recover in time for the postseason?
Anyway, I dunno. But I’d be very, very surprised if TSLA stock is not selling for at least $2,100 in 2025 and even that would be a 200% gain. In a post-Robinhood world, that’ll look very good in your portfolio.
I’ll remember 4 years from now. College funding.
I’d like to have a counter argument for all of this that by 2025, Tesla will not be at $2,100 .
They either will not be a company (i.e the shorts are actually right, and Tesla is a fraud) or SpaceX goes public and acquires Tesla in the process.
I’m bearish on Tesla. Nothing about their tech is unique and their biggest selling point (tax credits for buying a vehicle) are no longer in play. Tesla is not traded on the open market like a car manufacturer, yet that is exactly what they are.
Have to cut it short and won’t go full Susie B. on this, but maybe another day…
When I first bought TSLA, the rhyme I’d chant in my car: “A Tesla a day makes me okay” each time I’d spy one. These days, I never see less than 3. My local Starbucks in AZ will have several all parked together on Sunday mornings. I’m good