Tesla Motors, Inc. (NASDAQ:TSLA), (ARKK) - Auto Companies That Catered To Shareholders Instead Of Future Growth Will Be Sorry: Cathie Wood
“Innovation happening much faster than they expected,” Wood says of gas-powered vehicle manufacturers. Wood says the companies that catered to shareholders who wanted profits now instead of investing for future growth will be sorry in the future without naming any specific companies. Companies put too much emphasis on a short-term time horizon, according to Wood, instead of focusing on the future. What’s Next: Ark Funds promises that a new price target update on Tesla is coming in the next few weeks. Wood has been vocal about Tesla's future plans for autonomous driving and robotaxis, an...