Tesla is ahead of automakers in 3 key categories, tech money manager says on CNBC (video)

ARK Invest’s Cathie Wood says these are the best tech stocks to beat the market  16 Hours Ago | 07:07

Tesla won’t have a presence at this year’s Detroit Auto Show but the electric-car maker is miles ahead of the competition in three key categories, ARK Invest founder and CEO Catherine Wood told CNBC on Monday.

Traditional automakers have been making sizable investments into electrifying their vehicles, but Tesla is leading the industry in battery technology, artificial intelligence and data collection, she argued.

“We believe that [the] transportation industry is going to shift wholesale to electric, and Tesla is ahead of the pack,” Wood said on “Fast Money.”