Cathie Wood Sold Off $21 Million of Tesla Stock Hours Before Earnings Dip -- Now She's Scooping Up This Magnificent Growth Stock
Cathie Wood ranks among the biggest cheerleaders for (NASDAQ: TSLA) you'll find. She predicted earlier this year that the electric vehicle (EV) stock could hit $2,000 per share by 2027. That's roughly 6.4 times Tesla's current price.
It might be surprising, therefore, that Wood isn't buying more Tesla shares. Instead, her Ark Invest exchange-traded funds (ETFs) sold off around $21 million of the stock only hours before Tesla reported its second-quarter earnings and the subsequent dip in its share price.
Now, though, Wood is scooping up shares of another magnificent growth stock. Let's see why.
Source Fool.com
Tesla Inc Aktie
202,35 €
-0,52 %
Tesla Inc sticht etwas positiv hervor mit 73 Buy- und 28 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für Tesla Inc von 245 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 202.35 €.
