Cathy Wood of ARK Invest said that she will invest in Tesla from Elon Musk if it is only allowed to choose one arrow.
Wood was talking to the investor, Stephen Bartlette, on the “CEO memoirs” when Bartlett asked to choose her highest shares. The full interview with Wood was broadcast on YouTube last week.
“Because, think about it. It is a convergence between three of our main platforms. Therefore, robots, energy storage, artificial intelligence,” said Wood on Tesla.
“It does not stop with robotics, as there is a story that goes beyond that with human robots, and our number of $ 2600 has nothing for human robots. We thought it would be an investment,” she added.
In June 2024, Wood’s Management Management, Ark InvestShe issued a targeted price of $ 2600 to Tasla. Wood Bloomberg told an interview in March She still stands beside her goal Tesla shares expect He reached 2600 dollars in five years.
Wood Bartlet told the MUSK work with Robots Optimus from Tesla will generate production gains for the company and create a new source of revenue. In an interview with CNBC last month, Musk said that he expected to make a million OPTIMUS robots every year by 2030.
“We expect that thousands of Optimus robots that work in Tesla factories will have the end of this year, starting from this fall. We expect to increase Optimus faster than any product, in history to reach millions of units as soon as possible.”
Tesla shares fluctuated between highlands and declines in recent months amid the entry of musk and out of politics.
Tesla’s shares at the height of a closing price of $ 479 in December, after President Donald Trump won the presidential elections in November. Musk was a prominent supporter and supporter of Trump’s campaign.
Musk’s participation with the White House office, Dog, protests and provinces against Tesla. In March, Tesla fell by more than 40 % of record levels in mid -December.
This began to alert investors, who repeatedly asked Musk to spend more time on Tesla. Musk said in calling Tesla’s profits in May that he would reduce his participation with Dog to focus on Tesla.
Last week, Musk’s relationship with Trump appeared to have collapsed after he criticized the “beautiful draft law” of the president. Musk also agreed to the X post that called for Trump’s isolation, before deleting it.
Trump later threatened to cancel government contracts with Musk companies, saying it would be “the easiest way to save money in our budget.”
Tesla share 14 % on Thursday amid a dispute between musk and Trump. The shares of the company decreased nearly 27 % of the year.
Wood said in a video posted on YouTube channel from Ark Invest on Friday that MUSK’s quarrel with Trump was an attempt to separate himself from the Trump administration.
Wood said: “One of the hypotheses there is that what happened was partial – not completely – was organized,” Wood said.
“It is clear that there was some damage to Tesla brand, which is easily recognized, and I think he is trying to decide on the government and is associated with one party or another,” she continued.
Wood and Tesla representatives did not respond to the comment requests from Business Insider.
