You'll Regret Buying This Top Cathie Wood Stock on the Dip Unless 1 Thing Happens
Famed investor Cathie Wood, who heads up Ark Invest, deploys a strategy that focuses on the most disruptive and innovative businesses. Her firm's thinking is that these companies should exhibit huge growth over the long term as they create products and services that find broad adoption.
With this framework, it's not a surprise that (NASDAQ: TSLA) is the third-largest holding in the Ark Innovation ETF, which is Wood's flagship fund with over $9 billion in assets under management. Ark Invest is extremely bullish on the potential for electric vehicles (EV) and autonomous driving software.
But don't rush to buy this top EV stock -- which is down 49% from its peak -- just yet. You'll want to see improvements with this one thing before adding Tesla to your portfolio.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 56 Buy predictions and 27 Sell predictions.
As a result the target price of 242 € shows a positive potential of 45.0% compared to the current price of 166.9 € for Tesla Inc.
