Why Ark's Cathie Wood Is More Confident In Tesla Despite Sell-Off

Benzinga2021-03-09

On CNBC's "Closing Bell," Ark Investment Management CEO Cathie Wood gave her opinion on Tesla Inc(NASDAQ: TSLA) amid a stark sell-off Monday, as well as in recent weeks.

“Our confidence in Tesla has gone up for a number of reasons,” said Wood, highlighting both Tesla's market share and its progress in the autonomous space.

"It didn't lose share in the EV market when the luxury brands started bringing EVs to the market," said Wood.

She noted by the end of 2018 Ark’s expectation was for Tesla’s market share to decrease as more EVs came out, but it instead increased.

"We believe that Tesla has been staging the movement into autonomy differently," said Wood.

Wood believes there's a misunderstanding as to how Tesla is going to market its autonomy segment. She also spoke about the strength in the company's AI chip and battery technology as to why Ark is still confident in Tesla.

Telsa's stock traded down 5.8% to $563 on Monday.

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Comments

kuppi
2021-03-09
kuppi
Good
jcyc
2021-03-09
jcyc
Do not let fear and emotion get in the way. Buy the dipans hold long term. Patience will pay off
vilevan
2021-03-09
vilevan
Trust cathie [愛心]
imteng87
2021-03-09
imteng87
buy in dip...pls help like n comment
- xxbbew:
  ok
DanTEOHH
2021-03-09
DanTEOHH
Agree?
Rhythm88
2021-03-09
Rhythm88
Ark fundtions by buying or selling stocks based on research and conviction or change in fundamental. It will outperform in long run.

Leave a comment

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Buy the dipans hold long term. Patience will pay off&nbsp;","listText":"Do not let fear and emotion get in the way. Buy the dipans hold long term. Patience will pay off&nbsp;","text":"Do not let fear and emotion get in the way. Buy the dipans hold long term. Patience will pay off","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323016981","repostId":2118252697,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":323098476,"gmtCreate":1615286250695,"gmtModify":1704780607802,"author":{"id":"3570493394796891","authorId":"3570493394796891","name":"vilevan","avatar":"https://static.tigerbbs.com/075568a01dd3e9736a6ba7838a0fcdd2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570493394796891","authorIdStr":"3570493394796891"},"htmlText":"Trust cathie&nbsp;[愛心]&nbsp;","listText":"Trust cathie&nbsp;[愛心]&nbsp;","text":"Trust cathie [愛心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323098476","repostId":2118252697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":323093915,"gmtCreate":1615285933537,"gmtModify":1704780604370,"author":{"id":"3567166157226906","authorId":"3567166157226906","name":"imteng87","avatar":"https://static.tigerbbs.com/85b7b030b8b0786177d474964394bab4","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3567166157226906","authorIdStr":"3567166157226906"},"htmlText":"buy in dip...pls help like n comment","listText":"buy in dip...pls help like n comment","text":"buy in dip...pls help like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/323093915","repostId":2118252697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3750958,"gmtCreate":1615286234136,"gmtModify":1680779684317,"authorId":3573467106982618,"author":{"id":3573467106982618,"idStr":"3573467106982618","authorId":3573467106982618,"name":"xxbbew","avatar":"https://static.tigerbbs.com/39068f2ebe66e4e0b64c90ad557577c0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":323093915,"type":1,"supId":0,"prevId":0,"content":"<p>ok</p>","text":"<p>ok</p>","html":"<p>ok</p>"}],"langContent":"EN"},{"id":323000741,"gmtCreate":1615284909183,"gmtModify":1704780589300,"author":{"id":"3574587439900861","authorId":"3574587439900861","name":"DanTEOHH","avatar":"https://static.tigerbbs.com/7d9f3e9c4cc1d068ea658b0e69247a35","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3574587439900861","authorIdStr":"3574587439900861"},"htmlText":"Agree?","listText":"Agree?","text":"Agree?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323000741","repostId":2118252697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":329779055,"gmtCreate":1615283900977,"gmtModify":1704780574820,"author":{"id":"3565560262275157","authorId":"3565560262275157","name":"Rhythm88","avatar":"https://static.tigerbbs.com/80f5501da2fa10a6c684b9c19b6117a4","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3565560262275157","authorIdStr":"3565560262275157"},"htmlText":"Ark fundtions by buying or selling&nbsp;stocks based on research and conviction or change in fundamental. It will outperform in long run.&nbsp;","listText":"Ark fundtions by buying or selling&nbsp;stocks based on research and conviction or change in fundamental. It will outperform in long run.&nbsp;","text":"Ark fundtions by buying or selling stocks based on research and conviction or change in fundamental. It will outperform in long run.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329779055","repostId":2118252697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":30,"commentSize":20,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2118252697"}