The goddess of stocks predicts that Tesla's stock price will rise 5 times in the next 5 years (Reuters file photo)

[Financial Channel/Comprehensive Report] Since last year, the storm of interest rate hikes by the Federal Reserve and the pressure of high inflation have caused heavy blows to Tesla, Roku and other technology stocks that Ark Investment founder Cathie Wood has held heavily. This year, she believes that inflation has peaked, and the Federal Reserve will soon stop raising interest rates, which in turn will push up Tesla's stock price growth, and optimistically shouted that the stock price will rise five times in the next five years.

Wall Street News reported that Wood's flagship fund, ARK Innovation ETF, has fallen nearly 67% in the past year, making it one of the worst-performing US stock funds tracked by Morningstar, but so far in 2023, Wood has repeatedly warned that the Fed's sudden Raising interest rates may trigger a period of deflation, and said on Thursday's quarterly investor conference call that inflation could fall to 3% or lower by mid-2023; and believes that the Fed is about to end this tightening.

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She notes that if the logic that last year's rise in interest rates hurt growth stocks disproportionately is reversed, the discounted value of future cash flows should rise, and our forecast for SLA will be more bullish than ever .

Wood estimates that Tesla's stock price could increase five-fold in the next five years, and that's just from the company's electric vehicle business; times.

Wood predicts that by 2026, adjusted for stock splits, Tesla shares could exceed $1,500.

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