Cathie Wood, the Founder, CEO, and CIO of ARK Invest, voiced strong opposition on Sunday evening to a Delaware court’s decision that mandates Tesla to annul the March 2018 vote concerning Elon Musk’s performance-based compensation package. Wood described the ruling as “un-American, an assault on investor rights, and an insult to the Board of Directors […]
ARK Invest CIO Cathie Wood said on Thursday that buying Tesla stock is the best way to add artificial intelligence (AI) to an investment portfolio. Tesla is a top holding in three of Wood’s funds, and she said on Thursday that she thinks the company’s stock price has the potential to surge by up to […]
Billionaire entrepreneur Elon Musk is set to buy Twitter after all, and some investors have stated their interest and excitement in seeing what he does with the company. ARK Invest CEO and CIO Cathie Wood says she’s “excited” to see what Elon Musk will do with the acquisition of Twitter, adding that it could be […]
After Tesla’s shares dropped following fewer deliveries than expected, but one investing firm saw the moment as an opportunity. Cathie Wood’s investing firm Ark has purchased more Tesla shares across multiple branches, as detailed in a report from Barron’s. The purchase came after Tesla’s stock dropped despite its record deliveries in Q3, that missed Wall […]
In a recent interview with Yahoo Finance, ARK Invest CEO Cathie Wood shared “why she is remaining optimistic on Tesla,” comparing Tesla to Apple and the automaker’s disruption of the electric vehicle (EV) space to how Apple “changed the game” in the smartphone world. When it comes down to Tesla, the stock, the company and the […]
Ark Invest’s Cathie Wood has been bullish on Tesla and other electric vehicle (EV) stocks, and a recent move shows her shifting her portfolio towards Chinese EV maker, NIO. Wood sold 145,977 shares in Tesla and purchased 420,057 shares in NIO on Friday, March 25, according to The Motley Fool. ARKK sold 117,857 Tesla shares […]
Following Tesla CEO Elon Musk’s decision to exercise options and sell shares, one bullish investor is emphasizing how dominant the electric automaker could become over the next half of a decade. In a virtual interview on Wednesday, Ark Invest CEO and Founder Cathie Wood thinks Tesla could own 20 to 25 percent of market share […]
Tesla’s price surged about 6.5 percent the day Ark Invest’s Cathie Wood raised her price target, though Wood recently said she wouldn’t hesitate to sell if it reached the $3,000 per share target. On Wednesday at a news briefing, Wood said she would sell Tesla stock if it reached $3,000 by next year, according to […]
Ark Invest recently raised its price target on Tesla, but a new update suggests that the firm may also be looking to increase its holdings in future space travel too. Ark Invest head Cathie Wood has announced the debut of a new space exploration stock exchange-traded fund (ETF), ARKX, set to go public in the […]
Ark Invest founder and CEO Cathie Wood, spoke with CNBC on Monday afternoon and reiterated her company’s bullish position on Tesla. According to Wood, Ark’s confidence has gone up for a number of reasons, detailing Tesla’s market share and also the company’s progress in the autonomous space. She says despite luxury automakers entering the electric […]
Cathie Wood and her investment firm ARK Invest have kept Tesla as their main holding for quite some time now, and they’re still acting bullish in spite of massive gains for the company over the past two years. The exchange-traded fund (ETF) manager and long-time bull for Tesla’s (TSLA) stock appeared on CNBC‘s “Halftime Report” […]
