Tesla investor Catherine Wood sees, worst case, a stock double by 2024

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Ark Investment Management founder and CEO Catherine Wood told CNBC on Monday that, in the worst scenario, she sees Tesla stock nearly doubling by 2024.

“We have our ‘bear price,’ five-year target as $700,” said Wood, whose firm owns a considerable stake in the electric auto maker. “That would be if they lost two-thirds of market shares and had no autonomous” vehicles.

Shares of Tesla closed at $335.89 each on Friday. In a volatile year, the stock bottomed out in June…



Source cnbc.com

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