2 Cathie Wood Stocks That Have Tripled Since the 2020 Market Crash
It has been nearly three years since the markets crashed in 2020 as fears surrounding COVID-19 sent investors into a panic. Many growth-oriented stocks would go on to surge as pandemic-induced spending led to significant sales growth. And while many stocks have gone on to give back those gains in the current bear market, there are some that are still sitting on impressive returns.
Cathie Wood's favorite stocks have been synonymous with growth, and although many of them have been struggling of late, there are a couple that have tripled in value in the past three years: Tesla (NASDAQ: TSLA) and Intellia Therapeutics (NASDAQ: NTLA).
Since March 2020, shares of Tesla have soared 334%. A lot has changed for the electric vehicle (EV) maker in that time. The company has transformed into a hugely profitable business. From a net loss of $862 million in 2019 to a profit of $12.6 billion this past year, the company's financials have undergone a massive makeover. Its sales of $81.5 billion in 2022 are more than three times the $24.6 billion the company reported three years earlier.
Source Fool.com
