After Tesla announced plans to raise $2 billion through common stock offering on Thursday, here is Ark Invest CEO Catherine Wood’ opinion on this latest development.
“We wouldn’t be surprised if Elon announces plans for another Gigafactory in China” – Ark Invest CEO Catherine Wood
According to Cathie, Tesla bull run has just began. ARK Invest has a moderation price target of $7000 on share of the electric car maker. Cathie believes that ICE car manufacturers are years behind Tesla.