Many portfolio managers, on the hunt for winning bets, always keep an eye on unloved companies. Catherine Wood, founder and CEO of ARK Invest, and Christopher Retzler, portfolio manager at Needham Funds, are no exceptions.
Wood believes electric vehicles will be moving onto the scene faster than people realize. For that reason, she's betting big on Tesla.
"[Electric cars] are four times more efficient than traditional cars," she said. "We think electric vehicles are going to ramp up, thanks to Tesla, much faster than people anticipate."