When an artificial intelligence-enhanced asset manager increased its holding in Tesla in October, ahead of the EV company’s disappointing Robotaxi event, it looked like a bad move.

But as it turned out, the bet on Tesla by SoftBank-backed Qraft Technologies — a South Korean fintech with around $50m in assets over three exchange traded funds — led to big gains in November. Now, it is increasing its holding in the electric vehicle maker even further.