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Benzinga
Benzinga
Business
Rachit Vats

Why Cathie Wood Is Still Bullish On Tesla Amid Recession Fears, Shanghai Production Hit

Cathie Wood continues to remain bullish on its top holding, Tesla Inc (NASDAQ: TSLA), despite fears of a U.S. recession and the recent shutdown at Giga Shanghai due to citywide lockdowns, Reuters reported on Tuesday, citing the popular stock picker.

What Happened: Tesla’s expansion into autonomous driving will help it further deliver “truly exponential growth for many, many years.”

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