Ark Invest CEO Cathie Wood predicts that Tesla shares will rise to $3,000 apiece within five years.

Considering the current price of $1,067, Wood is predicting almost threefold growth. The investor was not embarrassed by the decline in Tesla shares in November by 20 percent from $1237 to $990. She called the incident a “flash.” In Ark Invest’s $21 billion portfolio Tesla shares account for 10 percent.