In this latest ARK Invest CEO Catherine Wood’ interview on CNBC Fast Money, Cathie explains why Tesla can hit $7000 in 2024, and also the chances of Tesla Share price surging above $7000 and reaching $15000.
In the 9:33 minutes video shared below: Cathie explains how they came to this mind blowing price targets.
According to Cathie, Tesla is way ahead of competition. Tesla battery is 3 years ahead atleast. For ICE car makers to compete head-to-head with Tesla, Cathie said they will have to sell their cars at a loss, at the same time they are losing their ICE business.