Hyperdrive

Tesla’s 2020 Advance Blows Past 100%, Leaving Wall Street in Awe

  • Shares continue parabolic surge, rising 36% in two days
  • Market value advantage over top auto manufacturer VW expands
Cathie Wood, CEO of Ark Investment Management, discusses the bull case for Tesla and why she believes traditional automakers will struggle selling EVs.Source: Bloomberg
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Within minutes of the stock market’s open on Tuesday, shares of Tesla Inc. shot up 17%. Which feels extraordinary, except for the fact that they gained more the previous day -- 20% -- and also surged 10% one day last week and 7% and 10% the week before that.