Why Tesla stock still has a fan in Cathie Wood

News Snapshot:

Tesla (TSLA) bull Cathie Wood is sticking with the electric vehicle maker after a rough February. The Ark Investment founder says there is a lot of "pent-up demand" for Tesla vehicles. The big valuation unlock, in her view, is Tesla releasing robotaxis across the country. "So I now think they're going to start seeding every state [with robotaxis] and their Full Self-Driving. According to our calculations, their robotaxi will be safer in the fourth quarter than human drivers are," Wood told me at the Bitcoin Investor Week conference (video above). Wood has consistently said she sees Tesla's stock hitting $2,600...