Cathie Wood drops bold message on Apple, Tesla stock originally appeared on TheStreet.
It’s safe to say Cathie Wood has a knack for ruffling Wall Street’s feathers, and she’s done it again.
The maverick investor has almost always swung from fences, with her bold calls having minted fortunes, rattling skeptics in the process.
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Now, the ARK Invest star dropped fresh insights, proving she’s not done shaking up the old guard.
In a candid moment, Wood shared what keeps her so hooked on one stock she’s backed for years and why another tech behemoth may never earn a place in her portfolio.
Cathie Wood’s love affair with Tesla (TSLA) didn’t start yesterday.
Her first bet on Elon Musk’s EV trailblazer goes back to 2016, when her ARK Innovation ETF scooped up its first shares of Tesla stock.
Since then, she’s consistently pulled the trigger on the stock, forming roughly 8.5% of ARK’s portfolio, which equates to over $840 million in value.
On top of that, Wood’s Tesla thesis has never been shy. She’s called it the one stock to rule them all.
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Wood feels that Tesla is above anything that combines the hottest trends in robotics, energy storage, and AI, backed by Musk’s relentless drive.
In all fairness, Cathie’s known for tossing out Tesla price targets that make jaws drop. In 2018, her team shook Wall Street by predicting that Tesla stock could skyrocket to $4,000 in just five years (from $300 at the time).
Even in 2025, with Tesla stock taking a beating, Wood hasn’t blinked.
She’s still pounding the table on her $2,600 target for Tesla within five years, pointing to robotaxis and the Optimus humanoid robot to drive the next leg of growth for the EV giant.
Regardless of Tesla’s woes, Wood has been relentless about loading up even when things look relatively bleak. Back in the third quarter of 2024, when Tesla shares stumbled, Wood doubled down and ramped up ARK’s exposure by about 130%.
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She’s also quickly reminded the doubters that while BYD overtook Tesla in revenue last year, Musk’s AI and autonomous tech still give him the edge.
Meanwhile, tech behemoth Apple (AAPL) never got the same star treatment. Wood boosted ARK’s position in Apple late last year, only to dump it entirely by early 2025.
