Will Tesla hit $3,000, or are you better off investing elsewhere?

One of the world’s most successful fund managers believes that Tesla’s share price will hit $3,000 by 2025. Saloni Sardana examines whether that's a realistic aim, or whether you should steer clear.

VW electric-car production line
VW will make electric cars its main product by 2030
(Image credit: © Jens Schlueter/Getty Images)

Cathie Wood, one of the world’s most successful fund managers, reckons that Tesla’s share price will hit $3,000 by 2025. For perspective, it’s currently sitting at just over $650 after a bumpy start to the year. Is Wood right, or are her claims just the latest evidence that Tesla – and the wider electric vehicle sector in general – is one massive bubble waiting to collapse?

Cathie Wood’s latest emphatic endorsement of Tesla came in a report from her asset management company Ark Invest on Friday. Tesla’s share price reacted as you might expect, jumping by as much as 6% on Monday this week.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni