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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
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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.