Cathie Wooden shared that Tesla is her prime inventory choose. Throughout Steven Bartlett’s podcast “The Diary Of A CEO,” the Ark Make investments founder highlighted Tesla’s revolutionary edge, citing its convergence of robotics, power storage, and AI.
“As a result of give it some thought. It’s a convergence amongst three of our main platforms. So, robots, power storage, AI,” Wooden stated of Tesla. She emphasised the corporate’s potential past its present choices, significantly with its Optimus robots.
“And it’s not stopping with robotaxis; there’s a narrative past that with humanoid robots, and our $2,600 quantity has nothing for humanoid robots. We simply thought it’d be an funding, interval,” she added.
In June 2024, Ark Make investments issued a $2,600 value goal for Tesla, which Wooden reaffirmed in a March Bloomberg interview, projecting the inventory to succeed in this degree inside 5 years. She instructed Bartlett that Tesla’s Optimus robots would drive productiveness features and create new income streams.
Elon Musk echoed Wooden’s optimism in a CNBC interview final month.
“We count on to have 1000’s of Optimus robots working in Tesla factories by the top of this yr, starting this fall. And we count on to scale Optimus up quicker than any product, I believe, in historical past to get to hundreds of thousands of models per yr as quickly as attainable,” Musk stated.
Tesla’s inventory has confronted volatility recently, hitting a peak closing value of $479 in December after President Donald Trump’s election win. Nonetheless, Musk’s involvement with the White Home DOGE workplace triggered protests and boycotts, contributing to a inventory decline of over 40% from mid-December highs by March.
The volatility in Tesla inventory alarmed traders, who urged Musk to refocus on the corporate. In a Could earnings name, Musk responded, stating he can be “cutting down his involvement with DOGE to give attention to Tesla.” By way of all of it, Cathie Wooden and Ark Make investments maintained their religion in Tesla. Wooden, particularly, predicted that the “model injury” Tesla skilled earlier this yr wouldn’t be long run.
Regardless of latest fluctuations, Wooden’s confidence in Tesla underscores its potential to redefine industries by way of AI and robotics. As Musk shifts his focus again to Tesla, the corporate’s developments in Optimus and different improvements may drive it towards Wooden’s formidable $2,600 goal, positioning Tesla as a frontrunner within the evolving tech panorama.
