Cathie Wood’s Ark Splurged On $32 Million In Tesla Shares During $70 Billion Stock Plunge (2024)

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Cathie Wood’s Ark Splurged On $32 Million In Tesla Shares During $70 Billion Stock Plunge (2024)

FAQs

What is Cathie Wood saying about Tesla stock? ›

Also read: Tesla's stock should hit $2,600 in five years, says Cathie Wood's Ark Invest. The ETF is essentially continuing its pattern of trimming its stake as the stock rallies, after loading up on the dip.

How many shares of Tesla does Cathie Wood own? ›

Cathie Wood Tesla Inc

Cathie Wood acquired 5.31 Million Tesla shares worth $1.18 Billion. It makes up 10.33% of their stock portfolio and is their biggest holding. The first Tesla trade was made in Q4 2016. Since then Cathie Wood bought shares seventeen more times and sold shares on fifteen occasions.

Does Ark Invest in Tesla? ›

As Director of Investment Analysis and Institutional Strategies, Tasha oversees financial modeling across the research teams and manages the strategic opportunities associated with ARK's institutional efforts.

What price did ark buy Tesla? ›

Wood's Ark Innovation ETF bought 65,514 shares of Tesla, according to a trading notification Thursday. That cost around $14 million. The fund also bought 133,334 shares of the EV maker in an update Monday, which cost around $28 million. Tesla is currently the second top holding in the ETF out of 38 stocks.

What did Bill Gates say about Tesla stock? ›

In 2022, Gates confirmed to Musk biographer Walter Isaacson that he shorted Tesla stock — or bet that the stock price would dip.

What is Tesla 5 year stock prediction? ›

Cathie Wood's ARK Invest predicts Tesla stock will surge 1,350% over the next five years. Elon Musk says it's an 'extremely challenging, but achievable' target. Cathie Wood, CEO of ARK Investment Management, delivers a keynote speech at the ARK Innovation Center in St. Petersburg, in February 2024.

How much will Tesla stock be worth in 2030? ›

He forecasts Tesla stock to gain about 550% to hit $1,200 a share by 2030, and for SpaceX to triple in valuation over the same period, according to a recent interview conducted by Bloomberg. Baron runs the Baron Focused Growth Fund, which counted Tesla and SpaceX as its largest holdings as of December 31, 2023.

How much will Tesla stock be worth in 2040? ›

Tesla Stock Price Prediction Beyond 2030

2035: $3,612. 2040: $4,644. 2045: $5,439. 2050: $5,878.

What is the Tesla stock prediction for 2024? ›

Tesla stock forecast 2024

Analysts expect lower earnings for Tesla in 2024, projecting an earnings per share of $2.55. That's down from $4.30 in 2023. Revenue is expected to rise to $98.2 billion. Tesla delivered 386,810 cars in the first quarter of 2024.

Are Tesla shares worth buying? ›

Tesla Shares: A Fair Value Estimate

With its 3-star rating, we believe Tesla's shares are fairly valued compared to our long-term fair value estimate. In 2024, we forecast Tesla will see a far slower growth rate, with deliveries increasing just 10% to a little under 2 million, from a little over 1.8 million in 2023.

When was Tesla stock $900? ›

Tesla stock's new 52-week intraday high is $910 on the nose. The old high-water mark of $900.40 was set on Jan. 25, according to Dow Jones Market Data. On Thursday, Tesla closed at a record for the first time since Jan.

What is Cathie Wood buying? ›

Tesla (TSLA)

No one is surprised Wood continues to buy Tesla's stock (NASDAQ:TSLA). Few money managers have been more bullish about the electric vehicle (EV) stock than Wood, who famously has a $3,000 per share price target on the stock that still maintains.

How much will Tesla stock be worth in 2025? ›

Long-Term Tesla Stock Price Predictions
YearPredictionChange
2025$ 296.5927.81%
2026$ 379.0763.35%
2027$ 484.48108.77%
2028$ 619.20166.83%
2 more rows

What is the target price for Tesla stock? ›

Stock Price Target
High$400.00
Low$85.00
Average$213.45
Current Price$232.10

What is Tesla stock fair value? ›

As of 2024-07-31, the Fair Value of Tesla Inc (TSLA) is 97.41 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 232.07 USD, the upside of Tesla Inc is -58%.

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