Ark Invest founder Cathy Wood, who is a Tesla, Inc. (NASDAQ:TSLA) bull, in a recent media appearance, talked about the potential the autonomous driving technology has for the electric vehicle pioneer.
Ark’s Bull-Bear Cases: Delving into the bear-case 2027 price target of $1,400 for Tesla, Wood said a third of the valuation is associated with EVs and scaling them and two-thirds is around autonomous and autonomous taxi platforms, Wood said in an interview with CNBC.
The fund manager said many countries are interested in having a Tesla plant and pointed to Turkey to make her case. So the EV story is all working out as expected, she said.
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Tesla, Wood said, is in pole position in the U.S. ...