• Ark Invest has been making large purchases of Coinbase and Tesla stocks at historically low prices.
• Cathie Wood, CEO of Ark Invest, has predicted that Tesla shares will reach $1500 in the next five years.
• Wood and other entrepreneurs have criticized the U.S Federal Reserve for its ongoing rate rises, which they say have hampered market conditions and increased the likelihood of a recession.

Ark Invest Buys Coinbase and Tesla Stocks

Ark Invest has been making large purchases of Coinbase (COIN) and Tesla (TSLA) shares at historically low prices as part of its active stock management approach. On February 14th, when Coinbase (COIN) stock fell below $58.00, Ark Invest bought 14,636 shares.

Cathie Wood Forecasts Rise in Tesla Shares

CEO Cathie Wood forecasts that Tesla shares will reach $1500 in the next five years, representing a 675% rise. She also believes that AI is building an assembly line for knowledge workers and predicts that by 2030 their productivity would have increased by more than four times thanks to AI.

Criticism from Entrepreneurs Over US Fed Rate Rises

Some prominent entrepreneurs, including Tesla’s CEO Elon Musk and Ark Invest’s CEO Cathie Wood, have criticized the U.S. Federal Reserve for its ongoing rate rises, which they say have hampered market conditions and increased the likelihood of a recession.

US Fed Eases Pace of Rate Rises

The global markets have become more optimistic as a result of the Federal Reserve’s decision to ease the pace of its rate rises this year. As this „brutal interest rate increase“ nears its conclusion growth stocks are expected to recoup their losses according to Cathie Wood on Saturday.

Charlie Munger on BYD vs Tesla

After Charlie Munger’s recent comments that he would rather put his money into BYD than Tesla, the latter company released a statement saying many prominent Wall Street financiers are unaware of the savings that come with technical advancements