Reported about 5 hours ago
Ark Invest's CEO Cathie Wood expresses strong confidence in Tesla's forthcoming robotaxi, set to be unveiled on October 10. Despite a stagnant stock performance and rising competition, Wood believes the robotaxi could shift Tesla's financial outlook significantly, viewing it as a 'software as a service' model with high profit margins. She emphasizes the potential for Tesla to dominate this market due to its innovative approach and ambitious goals.
Source: YAHOO