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Arc Invest, led by Kathy Wood, famously forecasted Tesla reaching $4,000 back in 2019. At that time, the stock was trading significantly lower, and many skeptics dismissed her prediction as overly optimistic. However, Tesla has since surged, trading near $5,000—translating to a roughly 2,000% gain since that projection. This track record fuels confidence in Arc's forecasts, albeit acknowledging that 2023 has been a challenging year for the fund's ETFs.