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Tesla Motors (TSLA) - Ark More Convicted On Tesla s Autonomous Strategy And Cathie Wood Says A New Price Target Is Coming Soon

Ark Investment Management Founder and CEO Cathie Wood has been one of the most notable bulls on Tesla Inc (NASDAQ:TSLA) over the years. She joined Benzinga s Raz Report Wednesday for an exclusive interview and shared her thoughts on Tesla. Wood on Tesla: Wood highlighted Tesla s strong barriers to entry. The company has strong technology, a history of miles driven, over-the-air updates and battery technology, she said. Didn t think [the] company was going to run out of money, Wood said when discussing why she added more shares in 2018. Wood has been very vocal about Tesla s future plans for autonomous driving and robotaxis: Our conviction on its autonomous strategy has increased over last few months.

(ARKK), (ARKF) - Cathie Wood Responds To Jim Cramer s Call To Close Off Ark Funds

Share: Ark Investment Founder and CEO Cathie Wood joined Benzinga s Raz Report this week to discuss the company s ETFs. She also got a chance to respond to Jim Cramer. What Cramer Said: On CNBC last month, Jim Cramer gave the fund manager a suggestion: Memo to Cathie Wood, close your fund. Cramer wasn t suggesting Ark Funds shut down or for Wood to stop managing funds. The suggestion was rather to close off the Ark Funds from new investments. Concentrate on performance, not on trying to deploy capital, Cramer said. Cramer said many of the great fund managers closed off their funds from new investments, such as Peter Lynch, who ran the Fidelity Magellan Fund closed off the fund. Fidelity Magellan Fund was the best-performing mutual fund in the world from 1977 to 1990 with annualized returns of 29%.

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