Cathie Wood-led ARK Invest believes Tesla Inc.(NASDAQ:TSLA) CFO Vaibhav Taneja's comments about the automaker wanting to develop all modes of transportation may hold some water and it has to do with CEO Elon Musk's other enterprises, including Space Exploration Technologies Corp.(NASDAQ:SPCX) and The Boring Company. Intercontinental SpaceX Flights? In an article published on Monday, ARK said that Tesla will likely collaborate with The Boring Co. to "circumvent congestion" and move some Robotaxis underground. "It might also aim for electric aviation," ARK said, pointing to Musk hailing Heart Aerospace's maiden all-electric flight that lasted 27 minutes.
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