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Fortune
Fortune
Steve Mollman

Cathie Wood warns GM and Ford electric vehicles slowdown is a mistake—one that will help Tesla and Elon Musk

(Credit: Paras Griffin/Getty Images)

Ark Invest CEO Cathie Wood has long been bullish on Elon Musk and Tesla. She’s also been expecting Detroit automakers to follow the path Musk has forged with electric vehicles.

“We expected a lot of traditional auto manufacturers to see the writing on the wall and rush as quickly as they could into scaling big-time into electric vehicles,” she told Bloomberg Surveillance this week. 

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