Reported 2 months ago
Cathie Wood of Ark Investment Management is aggressively purchasing Tesla stock for her ETFs, despite its 40% decline in value since its peak. While concerns over Tesla's slumping EV sales persist, Wood's optimistic forecast for Tesla's future, especially in autonomous driving technology, underpins her belief in its potential for significant long-term gains. Analysts suggest that investors who share her vision might consider accumulating Tesla shares gradually while understanding the inherent risks.
Source: YAHOO