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Cathie Wood Buys More Tesla Amid AI Push | Raleigh News
Cathie Wood just added to her Tesla stake amid mixed earnings and a 14% stock drop, as Tesla lags the Magnificent Seven with a 30% decline this year. Despite her flagship ETF underperforming, Wood remains bullish on AI and robotics, seeing them as deflationary forces that fuel innovation. Tesla’s revenue beat, but margins dipped — yet its AI and Robotaxi push, led by Elon Musk, continues to excite analysts. Wood, who once predicted Tesla hitting $9 trillion, recently rode in a driverless car and joked about new parking fees — underscoring her conviction that Tesla’s future is still bright…
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