ARK’s Cathie Wood Says Tesla Stock Has ‘Miles to Run’

Many investors have been running away from


Tesla


stock in recent weeks, worried about disappointing car sales and whether Elon Musk’s decision to buy Twitter has become too distracting. Cathie Wood isn’t one of them.

As


Tesla


(ticker: TSLA) shares have tumbled 55% in the past three months, Wood’s


Ark Innovation Fund


(ARKK) has continued buying


Tesla


stock. The decline in Tesla’s stock price has caused its weighting to fall to 7% of the fund from 10% in October, making it the third-largest weighting after


Zoom Video Communications


(ZM) and


Exact Sciences


(EXAS).

Source: https://www.barrons.com/articles/cathie-wood-tesla-51672791575?siteid=yhoof2&yptr=yahoo