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
The post Tesla to the Moon? Bullish Portfolio Manager Says Analysts Got It Wrong appeared first on CCN
source https://www.ccn.com/tesla-bullish-portfolio-manager-says-analysts-wrong
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