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Tesla stock price will be $1500 in 5 years.

admin 2023.02.02 14:00 Views : 246

If Cathie Wood had to hold one stock for the next decade, it would be Tesla, she said in an interview.

Wood has been snapping up Tesla stock since shares of the EV maker closed out a dismal year in 2022.

She estimates the stock will soar to $1,500 a share over the next five years, marking a 675% increase.

If Cathie Wood had to buy one stock today and hold it for the next 10 years, it would be Tesla, the Ark Invest CEO said.