Cathie Wood, the founder of Ark Invest, named Tesla as her leading stock pick during a podcast with Steven Bartlett. She highlighted the convergence of robotics, energy storage, and AI as key factors contributing to Tesla's innovative edge. Wood reaffirmed Ark Invest's $2,600 price target for Tesla stock, underlining the anticipated productivity gains from Tesla's Optimus robots. Despite recent stock volatility, both she and Elon Musk expressed confidence in Tesla's future, with Musk committing to reduce his involvement in other projects to focus on the company's growth.
"Because think about it. It is a convergence among three of our major platforms. So, robots, energy storage, AI," Wood said of Tesla.
"And it's not stopping with robotaxis; there's a story beyond that with humanoid robots, and our $2,600 number has nothing for humanoid robots. We just thought it'd be an investment, period," she added.
"We expect to have thousands of Optimus robots working in Tesla factories by the end of this year, beginning this fall," Musk said.
"I will be scaling down my involvement with DOGE to focus on Tesla," Musk stated.
Collection
[
|
...
]