An esteemed financial expert has predicted how much an investment of $1,000 in Tesla stock today will be worth in 2027 – and the ROI might surprise you.
CEO of Ark Invest, Cathie Wood, was one of the first to bet big on Tesla back in 2018.
She forecast that Tesla stock prices would skyrocket from $350 at the time to a high of $4,000 (however, her lower bet was a more modest $600).
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A smart move considering that Elon Musk is now the richest man in the world – with unprecedented wealth despite record breaking financial losses.
Tesla’s value has indeed done as she predicted – predictions that went against more modest and conservative estimates at the time.
While an element of luck is necessary, the savvy CEO certainly makes a good case for investing in Tesla being a savvy financial move, per financial news outlet, Benzinga.
Shares are currently trading at around $210-220 each.
Wood believes that the price will skyrocket to $2,500 by 2027.
Worst-case scenario they’ve set at $1,400.
Taking their top prediction, investing $1,000 today could return $11,625.
That’s a 1,062% increase on the original investment.
While this is speculation, Tesla remains a “favorite stock” of Wood and Ark Funds.
Her reasoning is that Tesla is diversifying even more smartly compared to a half-decade ago – with the Tesla Cybertruck and its surprisingly high cost just one part of the puzzle.
In fact, a Chinese company has overtaken Tesla as the top EV maker globally.
While Tesla sold nearly 2 million vehicles last year, this still wasn’t enough to beat the best-selling EV brand, BYD.
BYD stands for ‘Build Your Dreams’.
In 2023, BYD sold around 3 million vehicles, while Tesla ‘only’ sold 1.8 million.
BYD, an automaker that in the past was mostly focusing on its domestic market in China, is now expanding rapidly.
In 2024, you can buy a BYD in just about any country where you can buy a Tesla.
