From Nasdaq: 2024-06-05 05:39:00

Ark Investment Management CEO Cathie Wood believes Tesla stock presents the biggest AI opportunity worldwide as the company pursues advanced autonomous driving software. Wood predicts Tesla shares could reach $2,000 by 2027, a 1,022% increase. Nvidia CEO Jensen Huang supports Wood’s stance, underscoring Tesla’s strategic investments in AI technology. Tesla aims to leverage its full self-driving (FSD) software to unlock new revenue streams through subscriptions, licensing, and ride-sharing initiatives. Despite positive projections, Tesla faces headwinds from competition and market challenges that could impact its growth trajectory. As Tesla pursues its ambitious goals, investors should carefully consider the stock’s potential in light of market realities and future prospects.



Read more at Nasdaq: Cathie Wood and Nvidia CEO Jensen Huang Agree: Tesla Has a Huge Artificial Intelligence (AI) Opportunity