Ark’s Wood Remains Bullish on Tesla as US Recession Fears Rise

Ark’s Wood Remains Bullish on Tesla as US Recession Fears Rise
A Tesla logo on a Model S inside of a Tesla dealership in New York on April 29, 2016. Lucas Jackson/Reuters
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NEW YORK—Star stock picker Cathie Wood of Ark Invest remained bullish on top holding Tesla Inc on Tuesday despite growing fears of a U.S. recession and shutdowns of the car maker’s Shanghai factory due to spiking coronavirus cases.

“What we said during COVID about innovation solving problems will move into overdrive,” she told a webinar, with Tesla poised to “deliver truly exponential growth for many, many years” as it expands its autonomous driving programs.