Cathie Wood talks Tesla, Elon Musk, and pending spot bitcoin ETF
ฝัง
- เผยแพร่เมื่อ 27 ธ.ค. 2023
- After paring back on Tesla (TSLA) shares in the Ark Innovation ETF (ARKK), the firm has recently started to add to its position again. Ark Invest CEO Cathie Wood tells Yahoo Finance's Julie Hyman that the decisions by General Motors (GM) and Ford (F) to delay some of their EV investments was a "telltale" sign that Tesla is in position to gain market share, calling the automakers' decisions "puzzling." The move comes as Tesla CEO Elon Musk's X platform (formerly Twitter) is suffering from a decline in ad revenue, raising concerns he may have to sell Tesla shares. Wood, however, doesn't seemed to be concerned, claiming that the platform's traffic is rising and that ultimately "advertising will follow traffic." "His [Musk's] reason for buying X we believe is sound and will be successful," Wood adds.
Ark is one of the firms that has applied for a spot bitcoin ETF and is currently awaiting a decision from the US Securities and Exchange Commission. Wood is hopeful that Ark's application will be approved, saying that "After being denied several times by the SEC, without hearing from anyone at the SEC, we and others we know have gotten questions from the SEC, very thoughtful, detailed, technical questions. That's a very positive move." Overall, she says the "outlook is bright" for a spot bitcoin ETF and that she does think approval will come in January. With bitcoin (BTC-USD) prices rising in anticipation of an ETF approval, Wood does think investors will "sell on the news," but that longer term, by the SEC approving these ETFs, institutional investors will be able to invest more in the crypto space, with those inflows helping to prop up the price.
When it comes to the flagship Ark Innovation ETF, Wood says the fund is "diversifying once again. We are adding back some stocks that we sold and... we are looking forward to the IPO window opening again." Wood thinks that with interest rates likely peaking, more companies could go public and that Ark will be "eager investors." So what companies is Wood hoping will go public? She says she would like to see companies like SpaceX, Anthropic, Databricks, and Discord hit the public market.
Key video moments
00:00:25 Wood discusses her Tesla investment and the EV company's autonomous driving future
00:04:05 Is Wood concerned about issues at X impacting Tesla?
00:07:18 Wood explains why "the outlook is bright" for a spot bitcoin ETF
00:09:30 Why bitcoin could sell off if a spot ETF is approved
00:15:15 Why Ark could be "eager investors" in the IPO market
00:17:13 Why Wood wants to see companies like SpaceX, Anthropic, and Databricks go public
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance
she took all your money, she is getting rich on fees at your expense, just buy Tesla on your own
Don’t even do that. Tesla is extremely overvalued. All this talk of autonomous robo taxis and real world ai is all bullshit. It’s a car company. They make cars. Shitty ones at that 🤦🏾♂️
Good interview 👍
how about NVTA
Tesla is so far ahead on autonomy that when that becomes apparent in six months or so that other car companies will either be choosing to not have autonomous driving or will be negotiating licensing. In North America, the resulting monopoly will probably lead to Self Driving being the first nationally regulated utility.
She’s a con artist just like Elon. All these stupid numbers about autonomy that mean nothing. Fool self driving is the biggest fraud to be pushed on the public in decades. 🤦🏾♂️
And the fully automated Tesla can be totally controlled without your authorization at any time only allow you to drive at certain times as someone else deems necessary and only allow you to go certain places as someone else will control for you😂😂😂😂😂😂😂😂😂😂😂😂😂
Cathy bag holder
It's actually her clients who hold the bags. She keeps their money whether she wins or loses, and she usually loses.
Cathie has a very good perspective.
Cathy speaks like a politician. Quite lame. Everything she says is sanitized before it finds its way to her lips
Are you allowed to use a Self Drive Car when completely shitfaced ? Would be a good selling point...
I wont be buying ARK or Blackrocks's BTC ETF. Thankfully there will be a few other choices
EVs are done in the US.
The SEC IS $, DRIVEN...
E ok
Self crashing cars! Anyone ever experience their computer freezing?
Cathy Woods is a great investor. I like looking at pros like her and Elon plus others. look at the background of what she is sitting in. Looks like a flat of a person that makes about 40k a year. But yet she makes millions of dollars a year. Goes to show how they spend there money. In fact they dont SPEND at all.
❤Good evening everyone, I want to do my best simplicity 😢 sonó al letto scolto nostro paese e vedo tanta problema económico 👌 e Vero triste e solucionar sarebe lameglior cosa un buon café e viva la américa ☕🗽💹🪽👪
Well, my book spoke about our savior arriving, claimed him to be charming.
This chick had one good year.. when her fund was small. She's lost far more than she's made her clients
I was a long-term investor until Biden took office. Too much uncertainties when he got in...
and look at the returns this year
Why do these show hosts always sound boisterous a bit screechy.
Bitcoin is an Asset class much the same way that tulips were an asset class except that tulips had some intrinsic value
A spot Bitcoin ETF is to the financial world What legalizing marijuana and psychedelic mushrooms is to the losers of society, It's pandering to the worst. And the unintended consequences are going to Accelerate the decline of society.
The microchip sector is what we all gotta invest in to meet the consumer demand we need to triple that industry. We have no choice since china makes them all and we need them. Soon china will not be able to produce them
this lady is a disaster
Bullshit
Woa! Woa! Woa! Comparing accident rate of autonomous Tesla driving vs. that of all non-automous non-Tesla driving is like comparing apples and oranges, totally invalid. Teslas owners are older, more mature and far safer drivers than are all other drivers, which includes massive numbers of much younger and far more careless drivers.
This host is very rude. In an episode she shushed an African-American cohost by putting her hand in front of her.