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Popular among the investing community for her outsized bets on high-growth technology companies, one would expect that if there is a company at the confluence of AI and mobility, the CIO of ARK Invest, Cathie Wood, would place her bets on Tesla (TSLA). And she has done that in the past, too, quite vocally, reposing faith in the abilities of CEO Elon Musk time and again to make the EV leader one of the most seminal companies of this generation.
However, this time, it is not the company led by the world's richest man that Wood has given her backing. As a matter of fact, it is a company that is co-headquartered in Silicon Valley and China; the latter country's EV competitors have surely led to many a sleepless night for Musk.
