$Tesla (TSLA.US)$The strong rebound since the beginning of the year has further strengthened the confidence that Sister Mu Dou has held for a long time.
Recently, Cathie Wood, CEO of Ark Investments, said in an interview with the media that if they had to buy a stock today and hold it for the next 10 years, it would be Tesla.
Affected by the Federal Reserve's interest rate hike and the farce of Musk's acquisition of Twitter, Tesla's stock price plummeted 65% in 2022. However, Sister Mu Tou, a longtime fan, persisted, and even voted with her feet to continue buying, especially after Tesla set off a global price war and announced drastic price cuts for major models in China, Europe, and the US.
Wood anticipates that Tesla's price cuts will restore some of last year's falling demand, and the price cuts mean rival electric car makers will be “hard to keep up.” She also believes Tesla will be the leader in the delivery robot market. She estimates that in the next 10 years, the size of the delivery robot market will expand to 1 trillion dollars.
Sister Mu Tou's fund snapped up 47 million dollars of Tesla shares during the week of January.Tesla is Ark's flagship fund $ARK Innovation ETF (ARKK.US)$The largest position. Currently, it holds Tesla shares worth 733 million US dollars.
And Tesla didn't live up to Wood's expectations. The major reversal in Tesla's stock price since January helped the Ark Fund experience a bleak 2022 crisis...