Tesla to the Moon? Bullish Portfolio Manager Says Analysts Got It Wrong
By CCN: Tesla’s stock may have shed nearly one-third of its value year-to-date, but if you ask one portfolio manager, it’s just a buying opportunity. Cathie Wood of Ark Invest whose largest position is Tesla’s stock reminds investors to “buy low.” Her conviction is stronger than ever that TSLA should be a $4,000 stock, despite the fact that shares are hovering at $241 today. That’s an eye-popping increase of 1,560%. She told CNBC: “Our conviction has increased in the last year or so.” Wood blames Wall Street analysts for getting her favorite stock so wrong. “The analysts following this stock
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