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Cathie Wood says Apple should’ve bought Tesla, but ‘we’re happy they didn’t’

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Closely watched money manager Cathie Wood told CNBC on Wednesday that Apple could have owned the driverless vehicle market by purchasing Tesla when given the chance during the electric vehicle maker’s troubled Model 3 ramp-up.

“We’ve been watching Apple very carefully for years now. Because what is an autonomous vehicle? It’s the ultimate mobile device,” she said in a wide-ranging “Squawk Box” interview, during which also she talked about her Ark Invest strategies, the returns she expects long-term, and buying Zoom on its recent drop.

Apple shares hit all-time highs last Friday and then again Monday — rising solidly above $2.5 trillion in market value — following last week’s Bloomberg…



Source cnbc.com

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Cathie Wood says her firm is testing a more aggressive strategy that would be ‘ARK on steroids’

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