Cathie Wood, CEO of Ark Invest, expressed her unwavering support for Tesla during an interview on "The Diary Of A CEO" podcast. She stated that if she could only choose one investment, it would be Tesla, highlighting its innovative convergence of robotics, energy storage, and artificial intelligence. Wood reiterated Ark's $2,600 price target for Tesla, projected to be achieved within five years. She emphasized the importance of Tesla's Optimus robots, which Musk predicts will significantly boost productivity and revenue, with plans for large-scale production by 2030.
"Because, think about it. It is a convergence among three of our major platforms. So, robots, energy storage, AI," Wood said of Tesla.
"We expect to have thousands of Optimus robots working in Tesla factories by the end of this year, beginning this fall," Musk told CNBC.
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