Musk's Formation of New Party Raises Investor Concerns but Gains Strong Support from Ark Invest Founder Cathie Wood
Odaily Planet Daily reported that after Tesla's stock price experienced significant volatility on Monday, Cathie Wood, the well-known investor and founder of Ark Invest who has long been a staunch supporter of Elon Musk, once again stepped forward to defend him. She pointed out that Musk has recently renewed his focus on the company's operations, especially after personally taking charge of sales in the US and Europe, which indicates his deepening commitment to the company at a critical time. "When he truly focuses on something, he usually succeeds in accomplishing the task. So I believe that compared to the past, such as when he was busy at the White House all day, he is now much more focused." (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Is Splitting Software Into Winners and Losers, Citi’s Tyler Radke Says
KOSPI Jumps 3.54%, Nikkei Gains 1.43%, But How Is Oil Driving the Rebound?
Wedbush Bullish on AMD (AMD.US) Before Earnings: Server CPUs Take the Lead, 2027 Guidance Awaits Validation
AMD will announce its Q3 FY2026 results on November 3. Wedbush analyst Matt Bryson stated in the latest outlook that the actual figures for this quarter may not be the biggest variable; rather, the strength of server CPU sales will determine the short-term upside potential.
Citigroup raises 3M (MMM.US) target price to $188, with new businesses such as data centers supporting long-term growth
Citigroup has raised its target price for 3M (MMM.US) from $183 to $188 in its latest research report, while maintaining a "Neutral" rating.
Crypto prices
More
