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