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Cathie Wood: Tesla to $7,000 by Feb 5, 2025

Cathie Wood's prediction that Tesla would reach $7,000 by February 5, 2025 came true. Adjusted for Tesla's later stock splits, the target is $466.67 in today's shares. Tesla closed at $479.86 on December 17, 2024, the first close at or above the target. Cathie Wood made the call on CNBC on February 5, 2020, when Tesla was at $887.06 ($59.14 in today's shares). The target needed a 689% rise in five years.

Updated

What was said

Photo of Cathie Wood
Cathie Wood

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

CNBC, Feb 5, 2020SourceArchive

3 predictions · 1 hit · 2 open

Photo: Caroline Wood, CC BY-SA 4.0

Our confidence level that this stock is heading for $7,000 over the next five years is very high

Wood said Ark arrived at the target by weighting the probabilities of 10 scenarios, including bankruptcy. She argued Tesla's battery costs are three to four years ahead of other automakers, and the article says the target assumes rising electric-vehicle demand, Tesla keeping its market share and improving margins through cheaper batteries. Wood also tied the target to Tesla developing an autonomous taxi fleet with software-like margins around 80%, while assuming only a 25% chance that it is running within two to three years.

How we checked this

HitDeadline

Price when said
$59.14 closeprice data
Target
$466.67+689%
First close at target
$479.86price data

The prediction comes true if any daily close from Feb 5, 2020 to Feb 5, 2025, inclusive, is at or above $466.67. Prices are daily closes, not intraday highs.

Tesla has had two stock splits since the call: 5-for-1 (Aug 31, 2020) and 3-for-1 (Aug 25, 2022). The $7,000 target in the shares of the time is $466.67 in today's shares; every price on this page is adjusted the same way.

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