EXCLUSIVE: Cathie Wood Tells Benzinga Why Tesla Should Trade As A Tech Stock
Portfolio Pulse from Chris Katje
Cathie Wood, CEO of Ark Invest, believes that Tesla should be valued as a high-growth tech stock rather than an automotive stock due to its operations in fields like solar, energy storage, AI, autonomous driving, and robotics. Wood compared Tesla's decision to design its own chip for autonomous driving to Apple's move to create its own chip, which transformed the cell phone market. Tesla remains a top-five holding in Ark Innovation ETF, Ark Next Generation Internet ETF, and Ark Autonomous Technology & Robotics ETF.
August 30, 2023 | 6:00 pm
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POSITIVE IMPACT
As Tesla is a top-five holding in the Ark Innovation ETF, any potential increase in Tesla's stock price could positively impact the ETF's performance.
Given that Tesla is a significant holding in the Ark Innovation ETF, any potential increase in Tesla's stock price could have a positive impact on the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
As Tesla is a top-five holding in the Ark Autonomous Technology & Robotics ETF, any potential increase in Tesla's stock price could positively impact the ETF's performance.
Given that Tesla is a significant holding in the Ark Autonomous Technology & Robotics ETF, any potential increase in Tesla's stock price could have a positive impact on the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
As Tesla is a top-five holding in the Ark Next Generation Internet ETF, any potential increase in Tesla's stock price could positively impact the ETF's performance.
Given that Tesla is a significant holding in the Ark Next Generation Internet ETF, any potential increase in Tesla's stock price could have a positive impact on the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cathie Wood's comments could potentially influence investor perception of Tesla, leading to a reevaluation of its stock value. This could result in increased demand for Tesla shares and a potential short-term increase in its stock price.
Cathie Wood's influence and the potential for a shift in investor perception towards viewing Tesla as a tech stock could lead to increased demand for its shares. This could potentially drive up its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100