Tesla Inc. bull Cathie Wood on Wednesday reiterated her $3,000 price target for the electric vehicle stock for 2025, dubbing the the recent selloff as “nothing but a blip” and said wouldn’t buy just-listed Rivian Autoimotive Inc.
What Happened
Tesla shares have retreated 13.4 percent in the past five days after CEO Elon Musk’s Twitter poll over the weekend to check if he should sell 10 percent of his stake worth billions in the company.Wood’s money managing firm Ark Invest counts Tesla as its largest holding and owns shares worth billions in the company via its exchange traded funds.
