In the first part of a series of interviews published by Real Vision on Monday, Ark Investments founder Cathy Wood focused on Wall Street's shortcomings, saying Wall Street needs more specific technical analysis, citing Tesla's example. Wood noted that she predicted the electric vehicle giant's stock price would reach $3,000 by 2025, a forecast considered "insane" considering the company is currently trading at less than $700. "We believe the reason why the valuation of Tesla is so inefficient is that analysts are short-sighted and the wrong analysts are tracking it," Wood said, she...
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