Elon Musk: The Most Productive Human Being on Earth, Says Cathie Wood

Cathie Wood, CEO of Ark Invest, praises Elon Musk as "the most productive human being on earth and in space in history." She credits Musk's ability to harness breakthroughs in AI, robotics, and energy storage, making him the most productive person. Wood has been a longtime Tesla bull and Musk supporter, with Tesla shares being Ark Invest's largest holding. Analyst Dan Ives of Wedbush Securities also believes Tesla is "the most undervalued AI play."

Cathie Wood, CEO of Ark Invest, recently expressed her admiration for Elon Musk, describing him as "the most productive human being on earth and in space in history." This praise comes amidst Musk's renewed focus on Tesla's core operations, following his decision to oversee sales in the Americas and Europe. Wood's confidence in Musk's abilities is rooted in his capacity to harness breakthroughs in AI, robotics, and energy storage, making him, in her view, the most productive person in history [1].

Wood's support for Musk and Tesla is long-standing, with Tesla shares being Ark Invest's largest holding. She believes that Musk's hands-on approach to managing critical aspects of the business will drive success, particularly in the realms of autonomous driving and ride-sharing services. Wood has predicted that Tesla's stock price could reach $2,600 within five years, based on her belief that the company's core value will come from these services [1].

Despite recent market volatility and Musk's political engagements, Wood remains steadfast in her support for Tesla. She acknowledges the controversies surrounding Musk but emphasizes her trust in Tesla's board of directors and their judgment. Wood's optimism is reflected in her recent trades, where Ark Invest sold shares of Block Inc. and acquired shares of Tempus AI Inc. [2].

Analyst Dan Ives of Wedbush Securities also believes Tesla is "the most undervalued AI play." Ives' optimism is based on Tesla's advancements in AI and its potential to revolutionize the automotive industry. Both Ives and Wood agree that Musk's leadership and Tesla's technological innovations position the company as a leader in the AI and autonomous driving sectors [1].

In addition to her comments on Tesla, Wood also shared her thoughts on Apple and Meta. She noted that Apple's loss of a key AI model executive to Meta is a significant setback, emphasizing the need for tangible results in the autonomous car market. Wood expressed interest in observing whether Zuckerberg's open-source AI strategy can translate into a leadership position in the AI field [1].

Wood's latest trades and comments reflect her belief in Musk's ability to drive Tesla's success and her confidence in the company's long-term prospects. As the market continues to experience volatility, Wood's support for Musk and Tesla underscores her faith in the company's potential to achieve significant growth.

References:
[1] https://www.ainvest.com/news/cathie-wood-backs-musk-tesla-focus-market-volatility-2507/
[2] https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/07/46334675/cathie-wood-dumps-jack-dorseys-block-as-bitcoin-flirts-with-all-time-highs-bets-8-8-million-on-tempus-ai