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Cathie Wood Doubles Down on Tesla | Raleigh News
Cathie Wood just poured $38 million into Tesla after its stock nosedived, showcasing her signature bold bets on undervalued tech disruptors. While her Ark Innovation ETF soared 35% last year, it’s lagged the S&P 500 this year and posted negative returns over five years. Wood argues AI and innovation are deflationary forces, pushing down rates and inflation despite rising oil prices. Yet, $1.3 billion has fled the ETF in the past year, and Tesla’s stock is down 12% year-to-date—even after better-than-expected delivery numbers. Still, Wood remains bullish, predicting a $2,600 Tesla by 2030…
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