Apr 3, 02:23 PM

Cathie Wood Targets $2,000 Tesla Share Price in Five Years, Holds $667 Million Stake

Amid concerns over Tesla's performance and Elon Musk's impact on its sales in the US, Cathie Wood and Ark Invest remain bullish, continuing to invest heavily in Tesla shares. Despite the market's volatility and Tesla's recent challenges, including high interest rates and soft demand, Wood has been vocal about her optimism for Tesla's future, maintaining a $2,000 price target for the stock in five years. Ark Invest currently holds $667 million worth of Tesla stock in the Ark Innovation ETF, representing 9.18% of the fund's value. Wood's strategy includes buying more shares during dips, having previously sold shares when prices were around $400 and $350. Her stance is clear: now is not the time to retreat, especially for those who believe in Tesla's long-term potential, even as the stock is down 60%.

#Tesla #Elon Musk #US #Cathie Wood #Ark Invest #Wood #Ark Innovation ETF

Written with ChatGPT (GPT-4).

Cathie Wood Targets $2,000 Tesla Share Price in Five Years, Holds $667 Million Stake

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