Published: Saturday, March 29, 2025 · 4:01 AM | Updated: Saturday, March 29, 2025 · 4:01 AM
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Tesla (TSLA, Financial) has seen a significant drop in its European sales, falling 40% year-over-year, while the overall electric vehicle (EV) market in Europe grew by 26%. Despite these challenges, Tesla remains a major investor interest, with Cathie Wood of ARK Invest maintaining an optimistic five-year price target of $2,600 for the stock. Nonetheless, TSLA’s value has decreased by a third this year, impacting ARK’s ETF performance.
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