Tesla’s European Sales Plunge, but Cathie Wood Sees Bright Future
A sign at a Tesla electric vehicle dealership in Berlin.
Photographer: Liesa Johannssen-Koppitz/Bloomberg
Good morning. Tesla faces turbulence in Europe, but Cathie Wood is unfazed. Another AI-related bubble is brewing. And why top restaurants are all about the party vibe. Listen to the day’s top stories.
Tesla’s headwinds are strengthening—protests, slowing sales, and a rough ride in Europe and China. But not everyone’s betting against the EV giant. Ark Investment’s Cathie Wood is doubling down, predicting Tesla shares will soar to $2,600 in five years, driven by a robotaxi revolution. Elon Musk’s fans seem to agree—they’re scooping up Tesla shares like never before. Boom or bust, the clock is ticking for the company.