Tesla's most optimistic backer doubles down
Tesla may be losing the confidence of most of Wall Street, but an investment firm long known for its bullish view on the stock is doubling down on the electric-car maker's future. Business Insider reports that Ark Invest, the New York investment manager founded by chief executive and chief investment officer Cathie Wood, has a wildly bullish $6,000 price target over the next five years, which is way out of whack with the rest of Wall Street.
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