Cathie Wood’s super bullish Tesla stance tested after latest earnings

  • 📰 startelegram
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Ireland News News

Ark Invest predicted in April that Tesla would be trading at $2,000 per share by 2027.

, repeatedly citing the threats presented by the current macroeconomic environment, one marked by high interest rates that Musk said are hurting the company's sales.

While Keeney took note of the company's falling gross margins, she reiterated the fact that Ark is more interested in long-term payout. And its long-term bet has little to do with the current state of Tesla as an automaker. The reason Ark is so bullish on the idea of robotaxis is that, coming in cheaper than current ride-hail services, they could change and grow the ride-hail market. And the margins for robotaxis could be far stronger than those Tesla has been reporting as of late.

But even looking now at Tesla in the absence of robotaxi fleets, Keeney said the important point is that a Tesla Model 3 is"cheaper than the average car in the U.S."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 248. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines