Cathie Wood Sets 5-Year Expectation For Tesla Stock At $2,600 Per Share (2024)

FAQs

Cathie Wood Sets 5-Year Expectation For Tesla Stock At $2,600 Per Share? ›

Cathie Wood Backs Tesla Stock

“Ark's updated open-source Tesla model yields an expected value of $2,600 per share in 2029,” according to an Ark Invest report. rallied 3.3% in morning trading after falling 4.1% amid a three-day losing streak through Tuesday. Ark's expected 2029 price would represent a 1,376% gain from current levels.

Wood has been bullish on Tesla for a long time, making it a top holding in her Ark Innovation ETF.

Tesla stock forecast 2025

Projected earnings in 2025 are $3.39 per share, a slight increase over the 2024 forecast. The revenue forecast for 2025 is $115.7 billion, a 17.8% increase from the 2024 projection. Making long-term predictions for individual stock prices is very difficult.

The answer is: $8,862.79. That's how much money you'd have today if you had invested $1,000 in Tesla (TSLA 4.90%) stock five years ago -- and it's a pretty nice return, right?

If you invested $10,000 with founder Elon Musk 10 years ago, your stake would be worth $2.1 million now. That works out to a more than 70% average annual return. The same $10,000 put into the S&P 500 during that time grew just 274% to $37,376. That's just 14% compounded annually.

Wall Street consensus also has 2024 Tesla earnings firmly below last year's level. That signals another year of earnings declines for this growth stock. Analysts currently expect Tesla earnings per share of just $2.24 in 2024, according to FactSet. That would be a 28% decline vs. $3.12 in 2023.

Based on 36 Wall Street analysts offering 12 month price targets for Tesla in the last 3 months. The average price target is $208.98 with a high forecast of $310.00 and a low forecast of $24.86. The average price target represents a -9.25% change from the last price of $230.29.

Ten Year Stock Price Total Return for Tesla is calculated as follows: Last Close Price [ 227.87 ] / Adj Prior Close Price [ 17.51 ] (-) 1 (=) Total Return [ 1,201.4% ] Prior price dividend adjustment factor is 1.00.

What if you invested $1 000 in Nvidia 10 years ago? ›

Nvidia stock shows the power of long-term investing

Nvidia stock has delivered a total return of more than 27,000% over the last decade. That means that if you invested $1,000 in the stock 10 years ago and held onto your position, your holdings would now be worth more than $271,000.

Tesla Stock Price Prediction 2027

End-of-Year 2027: Most Bullish Projection: 2000 (ARK Invest) Most Bearish Projection: 44.57 (WalletInvestor)

Tesla (TSLA)

Wall Street consensus also has 2024 Tesla earnings firmly below last year's level. That signals another year of earnings declines for this growth stock. Analysts currently expect Tesla earnings per share of just $2.24 in 2024, according to FactSet. That would be a 28% decline vs. $3.12 in 2023.

Based on the updates delineated above, ARK's price target for Tesla is $2,600 per share in 2029. Our bear and bull cases suggest that Tesla could be valued between ~$2,000 and ~$3,100 per share in 2029.