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Cathie Wood’s ARK: Optimistic Outlook For EVs and AI Explained

Cathie Wood, the CEO and CIO of ARK Investment Management, has started buying Tesla shares after selling them for most of last year.

Cathie Wood is the CEO and chief investment officer of ARK Invest, which runs three of the highest-returning stock ETFs over recent years PHOTO: ARK Invest
Cathie Wood is the CEO and chief investment officer of ARK Invest, which runs three of the highest-returning stock ETFs over recent years PHOTO: ARK Invest

Analysts’ views on Tesla have been declining as the electric car industry slows, government incentives dry up, and Chinese carmaker BYD’s cheaper models threaten Tesla’s leadership position.

Nevertheless, Wood thinks Tesla is well-positioned to capture more market share as competitors, such as GM and Ford, step back from their EV plans.

ARK’s estimates show that a price of $2,000 per share for Tesla in 2027 is

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