Who is Cathie Wood?
Cathie Wood, CEO of Ark Invest, first burst onto Wall Street’s radar with her $4,000 Tesla call back in Feb 2018, when the EV maker’s stock price was around $200. When she first came out with that price target, she was laughed out of town. But, since her call, Tesla has just been on an absolute tear, ripping upwards in a face melting rally that took Tesla to up $650, AFTER a 5-1 stock split! Which means taking into account the stock split, Tesla would be now trading at around $3,250!
And that’s not the end. With Tesla joining the S&P 500, it looks like their stock will be going up and to the right for quite some time. Cathie has since doubled down on her Tesla call and said $7,000 will not be a problem. To understand her perspective better, while we all see Tesla as an automaker, she sees it as...