Here comes another bargain hunting! "Wood Sister" increased her holdings of Tesla by approximately $141 million in January, going against the trend.
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Despite the disappointment from Wall Street regarding Tesla's recent performance, Cathy Wood, the CEO of Ark Investment Management, has been buying the stock aggressively on dips. In January of this year, Wood purchased approximately $141 million worth of Tesla shares. Despite the decline in Tesla's stock price, Wood remains confident in its long-term prospects. Ark Investment's research team predicts that Tesla's stock price will reach $2000 by 2027. This buying opportunity has allowed many investors to see the potential of Tesla.
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