Abstract: Casey Wood, a loyal believer of Tesla, has long been dismissive of the shares of the established carmaker GM. Recently, however, her view seems to have changed. The founder and manager of the well-known fund said in an interview with Yahoo Finance that she had an "open mind" to GM.

Currently, wooden Sister does not own any shares in GM or Ford (F). As early as November last year, she said that traditional carmakers did not have the genes to excel in electric vehicles. The 66-year-old investor manages more than $50 billion worth of assets and bet most of his money on new car-building powers such as Tesla, XPEV, BYDD and NIO. General Motors and Ford have set aside billions of dollars for the transition from traditional gasoline engines to electric cars, but wooden Sister says it may be too little and too late for them.

Earlier this year, Sister Wood said she would not buy shares in General Motors and Ford. Because the gross margins of these two companies are too low, they can't make too many decision-making mistakes. Ford and General Motors recently issued announcements about electric vehicles, and the company's share price began to soar.

Although Sister Wood's previous actions and conversations revealed disdain for traditional carmakers, she changed her mind by getting along with GM CEO Maribala, and she was impressed by GM's automated cruise (Cruise). GM's cruise automation (Cruise) is already operational in San Francisco, where traffic is extremely complex. By contrast, Google's parent company, Cruise Automation (Waymo), is much inferior because it chose to experiment in spacious Arizona. At present, Sister Mu still has the highest confidence in Tesla in the field of self-driving.

GM shares rose 0.47% on Wednesday to close at $40.2.