"Cathie Wood's Contrarian Bet on Tesla Amidst Wall Street Skepticism"
Cathie Wood's Ark Investment Management has resumed purchasing Tesla shares, despite a broader negative sentiment on Wall Street towards the electric vehicle maker. Analysts are concerned about an EV market slowdown, reduced government incentives, and competition from Chinese manufacturers like BYD Co. Despite these challenges and a decline in Tesla's share price, Wood is optimistic about Tesla's market share potential and Ark's analysis suggests a significant future increase in Tesla's stock value.