Cathie Wood Says Brand Damage Has Happened For Tesla But Believes It Isn't Long-Term: 'Tesla...Will Have A Lock…'
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Cathie Wood, founder of ARK Investment Management, acknowledges that Tesla has experienced brand damage due to CEO Elon Musk's associations and actions, but she believes this is not a long-term issue. Wood is optimistic about Tesla's upcoming robotaxi launch in Austin and its potential dominance in the U.S. market. She also noted the impact of macroeconomic factors and tariffs on the auto sector. Despite concerns from industry experts about the launch, Tesla is incentivizing Lyft drivers to purchase its vehicles.
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