Autonomous Driving & Retail Trader Buying Won't Steer Tesla's Stock Price (NASDAQ:TSLA)
1. Cathie Wood predicts TSLA could reach $2600/share in five years. 2. This prediction implies nearly a 10X return from current levels.
FAQ
Why Bullish?
Cathie Wood, known for her accurate forecasts, brings credibility. Similar bold predictions have historically led to increased stock interest and investment.
How important is it?
Investor sentiment can be swayed by influential figures like Wood, hence driving TSLA's price. As TSLA shares are closely watched, significant predictions can breed confidence and alter buying patterns.
Why Long Term?
The five-year projection provides a considerable timeframe for price realization. Previous long-term forecasts by Wood have positively affected investor sentiment.