ARK Invest CEO and CIO, Cathie Wood, just drastically upped her 5 year price target on Tesla. ARK Invest is known for its bold 5 year targets investing in disruptive innovation. Cathie's team is blown away by Elon Musk and the Tesla AI team's latest breakthroughs in AI tech. Furthermore, there has been an 18% crash in traditional car sales, that most automakers are attributing to a chip shortage. However Cathie Wood believes something else is at play, perhaps electric vehicles such as Tesla are beginning to pull sales away from ICE cars.
#Tesla #ElonMusk #CathieWood

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