Cathie Wood Called Elon Musk One of These in an Interview

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The Street

By Tom Bemis Ark Innovation ETF manager talks about huge opportunity still to come for Tesla Cathie Wood is famous for making bold predictions about innovations. When she’s right, the results can be spectacular. The fund manager of the Ark Inovation ETF (ARKK) – Get ARK Innovation ETF Report bet big on Tesla (TSLA) – Get Tesla Inc. Report several years ago, and rode it to eye popping gains greater than 300%. Lately, the times haven’t been as kind, and Ark is down 75% from its peak. Tesla too is down sharply, and Ark has trimmed its holdings, as inflation and interest rate fears have hammered s…

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