Money manager says she has ‘very high’ confidence Tesla shares reach $7,000 in next 5 years
Money manager Catherine Wood told CNBC on Wednesday that she stands by her latest five-year price target of $7,000 per share for Tesla.
“Our confidence level that this stock is heading for $7,000 over the next five years is very high,” Wood, the founder and CEO of Ark Investment Management, said on “Fast Money.”
“We’ve arrived at that price by weighting the probabilities of 10 different…
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