Cathie Wood says she would choose Tesla if she can only invest in one stock

Ark Invest Wood Cathie said she would invest in Elon Musk Tesla If she was not allowed to choose only one stock.

Wood spoke to the investor Steven Bartlett On his podcast “the newspaper of a CEO” when Bartlett asked for his first choice of stock. 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. So robots, energy storage, AI,” said Wood about Tesla.

“And that doesn’t stop with robotaxis, there is a story beyond with humanoid robots, and our $ 2,600 number has nothing for humanoid robots. We just thought it would be an investment, a period,” she added.

In June 2024, Wood’s investment management company, Ark Investissued a price target of $ 2,600 for Tesla. Wood said to Bloomberg during an interview in March that she Still standing near his target and expects Tesla’s stock reach $ 2,600 in five years.

Wood told Bartlett that Musk’s work with Tesla Optimus robots would generate productivity gains for the company and create a new source of income. Musk said in an interview with CNBC last month that he expects Tesla Make a million optimus robots each year by 2030.

“We expect thousands of Optimus robots to work in Tesla factories by the end of this year, from this fall. And we expect to increase optimus faster than any product, I think, in history to reach millions of units per year as soon as possible,” Musk told CNBC.

Tesla’s stock has oscillated between the tops and stockings In recent months in the middle of the entrance to Musk and the exit of politics.

Tesla’s actions reached a peak closing price of $ 479 in December, after the president Donald Trump won the presidential election in November. Musk was an eminent donor and supporter of Trump’s campaign.

The involvement of musk with the White House office sparkled Protests and boycotts against Tesla. In March, Tesla’s shares fell by more than 40% compared to its record heights in mid-December.

It started to Alarm investorsWho has said to Musk several times to spend more time on Tesla. Musk declared during a Tesla results call in May that it would be reducing his involvement with DOGE Focus on Tesla.

Last week, Musk’s relationship with Trump apparently broken down After criticizing the president “Big Beau Bill“Musk also agreed with an X Post who called for the dismissal of Trump, before deleting it.

Trump later threatened to cancel government contracts With Musk’s companies, saying it would be the “easiest way to save money in our budget”.

Tesla’s stock fell 14% Thursday In the middle of the tablecloth between Musk and Trump. The company’s shares are down almost 27% of the year.

Wood declared in a video published Friday on the YouTube channel of Ark Invest that Musk’s quarrel with Trump was a try to decade of the Trump administration.

“One of the hypotheses is that what happened was partly – not entirely – orchestrated,” said Wood.

“Obviously, there have been damage to the brand in Tesla, which he admits easily, and I think he is trying to disengage from the government and be associated with one party or the other,” she continued.

The representatives of Wood and Tesla did not respond to the requests for comments from Business Insider.