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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Cathie Wood Sells Tesla Shares After Stock Downgrade Following Michael Burry's Valuation Concerns

Michael Burry Tesla Inc. Cathie Wood Elon Musk Morgan Stanley Ark Invest Andrew Percoco United States
Cathie Wood has a long-term bullish outlook for Tesla. (Credit: X.com)

Cathie Wood is a long-time Tesla (Nasdaq:TSLA) bull and a supporter of Elon Musk. She has fiercely defended Musk's $1 trillion (£747.2 billion) pay package, and even said he is the 'Thomas Edison of our age.'

She has even forecast that Tesla stock will reach $2,600 (£1,942) per share in five years, and predicted that the company is likely to produce a million Optimus robots annually by 2030.

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