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Cathie Wood's ETFs acquired more than 79,000 shares of Tesla (TSLA) stock over the last week.
But the automaker has had huge problems with its robotaxis, while it is meaningfully behind Alphabet's (GOOG) (GOOGL) Waymo in the robotaxi race. And, it is facing several other tough competitors in the sector. Moreover, Tesla's reputation has taken a sizable hit due to CEO Elon Musk's political activities, likely negatively impacting its deliveries, and TSLA stock is extremely expensive.