Tesla's first quarter earnings triggered a near 10% sell-off Thursday, investors concerned about margins as the company continues to cut prices.
But that did not faze Ark Invest's Cathie Wood. She expected Tesla to hit $2000 a share by 2027 and bought over 256,000 shares of Tesla at an estimated valuation of over $41.7 million based on Thursday's closing price.
Tesla's prospective robotaxi business line is a key driver, contrib...

The S&P 500 has rallied nearly 20% from its mid-October low. And another bullish technical signal suggests that the year-long bear market has given way to a new bull market.
As inflation shows signs of easing and the job market remains strong, a growing chorus of warnings about a hard landing and impending recession is falling flat -- the possibility that an actual recession could have already come and gone, ...