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Cathie Wood: Tesla to $2,600 by Dec 31, 2029

As of September 29, 2026, Cathie Wood's prediction that Tesla would reach $2,600 by December 31, 2029 is open. Cathie Wood made the call in Fortune on June 13, 2024, when Tesla was at $177.29. The target calls for a 1,367% rise in five years and seven months.

Updated

What was said

Photo of Cathie Wood
Cathie Wood

Founder, Chief Executive Officer and Chief Investment Officer, ARK Invest

Fortune, Jun 13, 2024SourceArchive

3 predictions · 1 hit · 2 open

Photo: Caroline Wood, CC BY-SA 4.0

The same day, Cathie Wood, CEO of ARK Invest, appeared on CNBC to champion her firm’s new, breathtakingly bold projections for Tesla’s stock price. Wood posited that the EV leader’s shares would hit $2,600 by 2029, almost 15-fold its current level of $175.

The article says Wood was presenting ARK Invest's new projections for Tesla, backed by a report from three ARK analysts issued the previous day. According to the article, that report expects Tesla to reach an enterprise value of about $8.2 trillion and revenues of about $1.2 trillion within five years, with the business built around robo-taxis running on Tesla's software.

How we checked this

OpenDeadline

Price when said
$177.29 closeprice data
Target
$2,600+1,367%

The prediction comes true if any daily close from Jun 13, 2024 to Dec 31, 2029, inclusive, is at or above $2,600. Prices are daily closes, not intraday highs.

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