Elon Musk Thinks Cathie Wood-Led Ark Is 'Probably Not Wrong' With Its $5 Trillion Valuation For Tesla, Cites Potential Of Optimus Humanoid Robot
Portfolio Pulse from Kaustubh Bagalkote
Elon Musk endorsed ARK Invest's $5 trillion valuation forecast for Tesla, suggesting it may be conservative. He highlighted the potential of Tesla's Optimus humanoid robot, estimating a global demand exceeding 20 billion units. Despite Tesla's Q2 revenue beat, its EPS, operating margins, and free cash flow fell short, leading to a stock decline.
July 24, 2024 | 6:47 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Elon Musk endorsed ARK Invest's $5 trillion valuation for Tesla, citing the potential of the Optimus humanoid robot. Despite a Q2 revenue beat, Tesla's EPS, operating margins, and free cash flow fell short, leading to a stock decline.
Elon Musk's endorsement of ARK Invest's valuation and the potential of the Optimus robot could boost long-term investor confidence. However, the immediate impact is neutralized by the Q2 earnings miss, leading to a short-term stock decline.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Cathie Wood's ARK Invest's $5 trillion valuation for Tesla was endorsed by Elon Musk. This alignment could strengthen ARK Invest's position and attract more investors, despite Tesla's short-term stock decline.
Elon Musk's endorsement of ARK Invest's valuation for Tesla could enhance ARK Invest's credibility and attract more investors, potentially leading to a positive short-term impact on ARKK.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80