Recommended Watch: Cathie Wood Sticks With Tesla, Predicts Stock Will Hit $2,600

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Recommended Watch: Cathie Wood Sticks With Tesla, Predicts Stock Will Hit $2,600 (youtube.com)

Cathie Wood, the founder, CEO and chief investment officer of ARK Investment Management, maintains her bet that Tesla's stock (TSLA) will reach $2,600 despite concerns about economic headwinds and "noise" around Elon Musk's role in the Trump administration. She also talks about EV competition with BYD, investment opportunities in China and how investors are seeing a more deregulated environment in the US. Wood speaks exclusively to David Ingles on the sidelines of the HSBC Global Investment Summit in Hong Kong.

00:00:00 - Wood's bullish outlook on Tesla stock
00:01:28 - Why robotaxis could represent 90% of company's value in five years
00:02:35 - Elon Musk's role in Trump's government
00:04:03 - AI and new tech reshaping the workforce
00:04:44 - BYD vs Tesla
00:06:23 - China market's importance to Tesla
00:07:28 - Ark "nibbling on" Baidu
00:08:44 - Investment opportunities in China and "DeepSeek moment"
00:09:54 - Open-source software movement
00:10:46 - Why a US and China tech bull market can coexist
00:12:13 - Outlook for the S&P 500 and US economy
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