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04-03

I support her stance.

Cathie Wood of ARK Invest Defends Her $2,000 Share-Price Target on Tesla

"We think that the robotaxi opportunity globally will deliver $8 [trillion] to $10 trillion in revenue by 2030 and is one of the most important investment opportunities of our lifetimes." Cathie Wood on her unflagging support for Tesla stock. That's Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company's recent troubles.Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, "Now is not the time to run for the hills," even as Tesla shares have fallen more than 30% since the start of 2024.The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.The Nigerian naira was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluati

Cathie Wood of ARK Invest Defends Her $2,000 Share-Price Target on Tesla

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That's Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company's recent troubles.Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, \"Now is not the time to run for the hills,\" even as Tesla shares have fallen more than 30% since the start of 2024.The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.The Nigerian naira  was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluati","content":"<html><head></head><body><p>&#34;We think that the robotaxi opportunity globally will deliver $8 [trillion] to $10 trillion in revenue by 2030 and is one of the most important investment opportunities of our lifetimes.&#34; Cathie Wood on her unflagging support for Tesla stock.</p><p>That&#39;s Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company&#39;s recent troubles.</p><p>Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, &#34;Now is not the time to run for the hills,&#34; even as Tesla shares have fallen more than 30% since the start of 2024.</p><p>The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.</p><p>She pegged her bull case to Tesla&#39;s plans to roll out a robotaxi, which could drive up to $10 trillion in revenue by 2030, she said, adding that the robotaxi could &#34;save lives.&#34;</p><p>Her firm, ARK Invest, bought millions of dollars worth of Tesla shares over the past week ahead of a dismal first-quarter sales report that pushed the value of those shares even lower.</p><p>Tesla shares are down 33% so far this year at $166.34 a share in early Wednesday trade, according to FactSet data. Wood&#39;s <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> ARKK is down 9.4% year-to-date at $47.47 a share, while her ARK Autonomous Technology &amp; Robotics ETF ARKQ is down 7.8% at $53.22. The <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a> ARKW is up 5.5% at $80.05 a share. All three funds have Tesla as a top holding.</p><p>On Tuesday, Tesla shares fell nearly 5% after the company revealed that it delivered fewer new vehicles than Wall Street analysts had expected during the first quarter. What&#39;s more, the number of vehicles delivered actually shrank compared with the same period a year earlier.</p><p>Wood also touched on the topic of bitcoin&#39;s recent record-setting rally. She cited a rash of currency devaluations around the world as underappreciated contributors to the cryptocurrency&#39;s advance.</p><p>&#34;There is something else going on around the world. There are currency devaluations around the world that people aren&#39;t talking about,&#34; Wood said.</p><p>On March 14, bitcoin hit a record high north of $73,000 a coin, according to FactSet data. Many analysts attributed the cryptocurrency&#39;s latest bull run to the launch of a flurry of spot-bitcoin ETFs, including the <a href=\"https://laohu8.com/S/ARKB\">ARK 21Shares Bitcoin ETF</a>, which had more than $2.5 billion in assets as of Tuesday&#39;s close, according to ARK&#39;s website.</p><p>The Nigerian naira (USDNGN) was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluation in a year. The African currency has since clawed back some of that weakness and traded at 1,289 naira to the greenback early Wednesday.</p><p>Egypt&#39;s currency, the Egyptian pound (USDEGP), abruptly fell by 40% against the buck last month amid a shortage of foreign currency. Earlier this year, the Argentine peso was devalued by more than 50% by newly installed President Javier Milei earlier this year.</p><p>She also pointed to the fact that bitcoin rallied last year as a handful of regional banks in the U.S. collapsed, sparking a short-lived panic that had global ramifications.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood of ARK Invest Defends Her $2,000 Share-Price Target on Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood of ARK Invest Defends Her $2,000 Share-Price Target on Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-03 23:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>&#34;We think that the robotaxi opportunity globally will deliver $8 [trillion] to $10 trillion in revenue by 2030 and is one of the most important investment opportunities of our lifetimes.&#34; Cathie Wood on her unflagging support for Tesla stock.</p><p>That&#39;s Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company&#39;s recent troubles.</p><p>Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, &#34;Now is not the time to run for the hills,&#34; even as Tesla shares have fallen more than 30% since the start of 2024.</p><p>The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.</p><p>She pegged her bull case to Tesla&#39;s plans to roll out a robotaxi, which could drive up to $10 trillion in revenue by 2030, she said, adding that the robotaxi could &#34;save lives.&#34;</p><p>Her firm, ARK Invest, bought millions of dollars worth of Tesla shares over the past week ahead of a dismal first-quarter sales report that pushed the value of those shares even lower.</p><p>Tesla shares are down 33% so far this year at $166.34 a share in early Wednesday trade, according to FactSet data. Wood&#39;s <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> ARKK is down 9.4% year-to-date at $47.47 a share, while her ARK Autonomous Technology &amp; Robotics ETF ARKQ is down 7.8% at $53.22. The <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a> ARKW is up 5.5% at $80.05 a share. All three funds have Tesla as a top holding.</p><p>On Tuesday, Tesla shares fell nearly 5% after the company revealed that it delivered fewer new vehicles than Wall Street analysts had expected during the first quarter. What&#39;s more, the number of vehicles delivered actually shrank compared with the same period a year earlier.</p><p>Wood also touched on the topic of bitcoin&#39;s recent record-setting rally. She cited a rash of currency devaluations around the world as underappreciated contributors to the cryptocurrency&#39;s advance.</p><p>&#34;There is something else going on around the world. There are currency devaluations around the world that people aren&#39;t talking about,&#34; Wood said.</p><p>On March 14, bitcoin hit a record high north of $73,000 a coin, according to FactSet data. Many analysts attributed the cryptocurrency&#39;s latest bull run to the launch of a flurry of spot-bitcoin ETFs, including the <a href=\"https://laohu8.com/S/ARKB\">ARK 21Shares Bitcoin ETF</a>, which had more than $2.5 billion in assets as of Tuesday&#39;s close, according to ARK&#39;s website.</p><p>The Nigerian naira (USDNGN) was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluation in a year. The African currency has since clawed back some of that weakness and traded at 1,289 naira to the greenback early Wednesday.</p><p>Egypt&#39;s currency, the Egyptian pound (USDEGP), abruptly fell by 40% against the buck last month amid a shortage of foreign currency. Earlier this year, the Argentine peso was devalued by more than 50% by newly installed President Javier Milei earlier this year.</p><p>She also pointed to the fact that bitcoin rallied last year as a handful of regional banks in the U.S. collapsed, sparking a short-lived panic that had global ramifications.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4592":"伊斯兰概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4534":"瑞士信贷持仓","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0234572021.USD":"高盛美国核心股票组合Acc","ARKK":"ARK Innovation ETF","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","ARKQ":"ARK Autonomous Technology & Robotics ETF","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4527":"明星科技股","ARKW":"ARK Next Generation Internation ETF","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4588":"碎股","BK4550":"红杉资本持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","TSLA":"特斯拉","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4574":"无人驾驶","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4551":"寇图资本持仓","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4581":"高盛持仓"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2424441218","content_text":"\"We think that the robotaxi opportunity globally will deliver $8 [trillion] to $10 trillion in revenue by 2030 and is one of the most important investment opportunities of our lifetimes.\" Cathie Wood on her unflagging support for Tesla stock.That's Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company's recent troubles.Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, \"Now is not the time to run for the hills,\" even as Tesla shares have fallen more than 30% since the start of 2024.The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.She pegged her bull case to Tesla's plans to roll out a robotaxi, which could drive up to $10 trillion in revenue by 2030, she said, adding that the robotaxi could \"save lives.\"Her firm, ARK Invest, bought millions of dollars worth of Tesla shares over the past week ahead of a dismal first-quarter sales report that pushed the value of those shares even lower.Tesla shares are down 33% so far this year at $166.34 a share in early Wednesday trade, according to FactSet data. Wood's ARK Innovation ETF ARKK is down 9.4% year-to-date at $47.47 a share, while her ARK Autonomous Technology & Robotics ETF ARKQ is down 7.8% at $53.22. The ARK Next Generation Internet ETF ARKW is up 5.5% at $80.05 a share. All three funds have Tesla as a top holding.On Tuesday, Tesla shares fell nearly 5% after the company revealed that it delivered fewer new vehicles than Wall Street analysts had expected during the first quarter. What's more, the number of vehicles delivered actually shrank compared with the same period a year earlier.Wood also touched on the topic of bitcoin's recent record-setting rally. She cited a rash of currency devaluations around the world as underappreciated contributors to the cryptocurrency's advance.\"There is something else going on around the world. There are currency devaluations around the world that people aren't talking about,\" Wood said.On March 14, bitcoin hit a record high north of $73,000 a coin, according to FactSet data. Many analysts attributed the cryptocurrency's latest bull run to the launch of a flurry of spot-bitcoin ETFs, including the ARK 21Shares Bitcoin ETF, which had more than $2.5 billion in assets as of Tuesday's close, according to ARK's website.The Nigerian naira (USDNGN) was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluation in a year. The African currency has since clawed back some of that weakness and traded at 1,289 naira to the greenback early Wednesday.Egypt's currency, the Egyptian pound (USDEGP), abruptly fell by 40% against the buck last month amid a shortage of foreign currency. Earlier this year, the Argentine peso was devalued by more than 50% by newly installed President Javier Milei earlier this year.She also pointed to the fact that bitcoin rallied last year as a handful of regional banks in the U.S. collapsed, sparking a short-lived panic that had global ramifications.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":18,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}