Elon Musk’s staunch ally Cathie Wood, founder of ARK Invest, has doubled down on her support for the Tesla CEO amid market turbulence, while delivering sharp commentary on tech sector dynamics. The investment luminary’s latest analysis offers a glimpse into the evolving battlegrounds of autonomous tech and artificial intelligence.
Wood highlighted Musk’s recent decision to personally oversee Tesla’s North American and European sales operations as a strategic pivot. “This signals Musk’s operational re-engagement during a critical transition phase for the company,” she noted, emphasizing the leadership focus required for Tesla’s next growth chapter.
Her confidence maintains ARK Invest’s decade-long conviction in Tesla, which remains a cornerstone holding across multiple funds since 2014. “When Elon dedicates hands-on attention, execution typically follows,” Wood told CNBC, contrasting Musk’s current focus with what she wryly termed his “24/7 West Wing era” during prior government advisory roles.
The investor reaffirmed her controversial $2,600 price target for Tesla by 2028 – a 9x upside from current levels – predicated on autonomous ride-hailing platforms comprising 90% of the company’s future valuation. ARK’s exposure extends to Musk’s SpaceX, Neuralink, and xAI ventures through separate holdings.
Wood dismissed concerns about Musk’s political aspirations following his “American Party” announcement, stating: “We analyze fundamentals, not politics. Tesla’s board has consistently demonstrated sound governance through multiple cycles.” Her comments come as Tesla shares shed $68 billion in market value last week amid investor unease about executive distractions.
The analysis took an intriguing turn as Wood scrutinized Apple’s AI strategy following its high-profile talent drain. “Losing AI leadership to Meta creates strategic vulnerability,” she observed. “The ultimate mobility play remains autonomous vehicles – a market Apple could have owned. This could become history’s largest AI implementation.”
Meanwhile, Meta’s aggressive AI recruitment under Zuckerberg drew mixed reviews. “We’re witnessing strategic déjà vu,” Wood cautioned, referencing the company’s metaverse missteps. “The critical test is whether open-source AI initiatives can translate into sustainable competitive advantage this time.”
As the AI arms race intensifies, Wood’s commentary underscores the high-stakes leadership decisions reshaping trillion-dollar market valuations. With automotive autonomy and artificial intelligence converging, her analysis positions Tesla’s operational reboot and Apple’s talent challenges as pivotal moments in technological history.
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