Cathie Wood explains why Tesla Chief Elon Musk is worth betting so much on

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Cathie Wood explains why Tesla Chief Elon Musk is worth betting so much on
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Tesla is set to report third-quarter earnings after the bell Wednesday.

Between just two of Ark Invest's ETFs — Ark Innovation and Autonomous Tech and Robotics — the investment firm owns more than 3 million shares of Tesla: that the company will be trading at $2,000 per share by 2027 as it leads the nascent autonomous taxi revolution.

We think that each time he does face turmoil, the intensity of his brain cells takes him to new answers."Now that Musk has the scalability of electric vehicles under control, Wood said that the eccentric billionaire is"really focused" on figuring out the remainder of the self-driving equation. Wood said that a final software upgrade, followed by an expansion into the ride-hail sector, would be a"game-changer" for Tesla.

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