Cathie Wood of Ark Investment Management has been buying up shares of Tesla, indicating her bullish outlook on the company’s AI services, particularly robotaxi. Wood’s recent buying activity shows an increase of 318,275 shares in Tesla across various ETFs. Tesla’s CEO, Elon Musk, has ambitious plans to disrupt the AI realm with autonomous driving technology, including robotaxis. While Wood is optimistic about Tesla’s AI pursuits, valuing the stock is challenging due to its unique position in the market. Investors may have opportunities to buy Tesla stock at more reasonable valuation levels in the long run.

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