Tesla Stock Could Grow Nearly 8X by 2027 on AI Prospects, Predicts Cathie Wood
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Cathie Wood believes Tesla is the biggest AI play in the world and forecasts the stock price could grow 777% to $2,000 per share by 2027.
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Tesla stock has already risen over 14,000% since its IPO in 2010, becoming one of the best performing stocks in recent history.
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Wood predicts 47% of Tesla's revenue will come from areas beyond EV production by 2027, especially from robotaxis and autonomous driving technology.
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Tesla is also developing other AI products like its Optimus humanoid robot that could disrupt the labor market and warehouse operations.
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Tesla's forward P/E ratio of 58 signals investors are bullish on prospects, but targets rely on commercialization of emerging tech on aggressive timelines.