In the face of a significant stock sell-off, Cathie Wood, the CEO of Ark Invest, is doubling down on her optimistic outlook for Tesla Inc (NASDAQ:TSLA). What Happened: Wood reaffirmed her bullish stance on Tesla, despite the recent stock slump, attributing it to a cyclical low. She anticipates a turnaround in the next two years, driven by the introduction of autonomous taxi networks and platforms. Despite a 25% drop in Tesla’s stock over the last five weeks and a disappointing earnings report, Wood is buying the dip. She believes that the electric vehicle (EV) market will continue to grow and …
