Could Tesla go to $3,000?
Cathie Wood says YES. And that’s her base case. Meaning she thinks it could actually go much higher in her bull case.
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And interestingly enough, she says she sold Apple (AAPL).
Cathie makes the case that Tesla is a “Future FANG Stock” though that doesn’t make case because it’s already quite similar to names like Facebook and Amazon. Tesla has a large addressable market, is growing fast, and is a fan favorite.
Elsewhere in tech, Netflix (NFLX) is slipping after earnings as multiple analysts downgrade the stock and/or cut price targets.
And BTW, if you’re looking for a take on which Macbook to buy, check out this guide from Tom’s Hardware.