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 Stock
€202.35
-0.520%
Our community is currently high on Tesla Inc with 73 Buy predictions and 28 Sell predictions.
With a target price of 245 € there is a positive potential of 21.08% for Tesla Inc compared to the current price of 202.35 €.
