Tesla Inc's 2.31% gain to US$670 was the fourth-largest boost to the S&P 500 after Ark Invest, founded by star stockpicker Cathie Wood, raised the company's price target on Friday using 34 inputs in a Monte Carlo model.(File pic shows Tesla 3 electric car)
NEW YORK: Wall Street rallied on Monday as technology stocks rebounded from a recent selloff sparked by surging bond yields and Tesla jumped after a fund run by an influential investor in the electric-car maker said its shares could approach US$3,000 by 2025.
Tesla Inc's 2.31% gain to US$670 was the fourth-largest boost to the S&P 500 after Ark Invest, founded by star stockpicker Cathie Wood, raised the company's price target on Friday using 34 inputs in a Monte Carlo model.
