Ark Investment Supervision CEO Catherine Wood, a money manager known for making bold reproves, told CNBC on Wednesday she believes Tesla stock will one day calling at $4,000 per share.
“If we’re right, this stock in our models is going to $4,000,” Wood replied on “Squawk Box.” “If we’re wrong, and all they do is electric, our bear case is $600.”
Tranquil at Wood’s “bear case,” $600 per share would be nearly a doppelgaenger from current levels. Tesla is one her overall fund’s largest holdings.
“The tomorrow is electric,” Wood said. “The future is [also] transportation as a service, software as a usefulness.” She added, “This is where Tesla is going.”
The highest price butt among the Wall Street analysts who cover Tesla is $500 per helping.
In December, talking up her belief in bitcoin, Wood floated another challenging idea, saying the world’s biggest cryptocurrency is “so much bigger an perception than even Apple, which is a pretty big idea.”
Tesla provide at $4,000 would also certainly qualify as big idea, and would metamorphose to a market value about $672 billion.
By comparison, Apple already has a market value of up $837 billion, and it’s leading the race among Google-parent Alphabet, Microsoft and Amazon to suit the first $1 trillion company.
Wood believes Tesla, with a progress market value of around $56 billion, should be in the same ally as the big four tech stocks due to Elon Musk, the billionaire founder of Tesla and SpaceX.
“If Elon Musk of SpaceX can do what they did yesterday in while, they’re going to be able to produce the Model 3,” the first dimension market electric car from Tesla, she said.
Musk notched a milestone in room on Tuesday by successfully launching the most powerful commercial rocket in the community with a Tesla Roadster sports car on board to demonstrate the kind of payload it can feel.
Shortly after the launch, Musk tweeted out the view of “Starman,” the smash dummy in the front seat of the Roadster, named after the David Bowie air.
Live view of Starman
Wood said she’s confident that Tesla can fix the Inimitable 3 production problems that have delayed the rollout because the house draws from the “same brain trust” as SpaceX.
The Ark Investment CEO isn’t the simply money manager with high expectations for Musk and Tesla. Billionaire investor Ron Baron, a great shareholder in the electric car company, told CNBC back in November that he credence ins he can make 20 times his money on the stock over the next 10 to 15 years.