Ark's Cathie Wood says she would sell Tesla at US$3,000 in 2022 as electric car maker's most bullish investor sets price target | South China Morning Post

Cathie Wood would sell Tesla if its price hit her five-year target in the coming year. The electric-vehicle maker's stock is now roughly US$750 and her base price target in five years is US$3,000, she said. "If nothing were to change in our outlook and we got to US$3,000 next year, my guess is that we would be peeling out of it," she said. The head of Ark Investment Management was speaking at a news briefing following a panel at the Morningstar Investment Conference Wednesday. At the session, she debated veteran investor Rob Arnott, who has been sceptical of high…