Here's Why Cathie Wood Can't Stop Buying This Artificial Intelligence (AI) Stock
The day after a lackluster fourth-quarter and full-year 2023 earnings report, (NASDAQ: TSLA) shares slid 12% on Jan. 25, and currently remain more than 50% off of highs. With macroeconomic headwinds forming and limited growth in the electric vehicle industry expected in the near term, Tesla investors are having to readjust expectations for the first time in a while.
But not popular investor Cathie Wood. Treating the sell-off as a buying opportunity, the funds of the Ark Invest CEO scooped up around 377,000 shares, good enough to bring Ark's total position up to a value of $796 million and around 6% of its entire portfolio.
Source Fool.com
Tesla Inc Stock
€206.75
1.720%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 16.08% compared to the current price of 206.75 € for Tesla Inc.
