Cathie Wood Says Tesla’s Robotaxi Business Is Gaining Traction, ARK Buys on Dip
ARK Invest’s Cathie Wood said Tesla’s robotaxi business is taking off and that the fund is adding to its Tesla and SpaceX holdings during the pullback.
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what happened
ARK Invest’s Cathie Wood, according to Stocktwits, remains optimistic about Tesla despite volatility in the stock. In an interview with CNBC at the UP.Summit at Kennedy Space Center, she said the robotaxi business is starting to deliver on its promise, and that ARK used the recent correction to add to its Tesla and SpaceX shares.
Wood said Elon Musk can manage several responsibilities at once, even though he could be called to testify. She also pointed to the potential of data centers in orbit, which she said could be powered by nuclear energy.
Meanwhile, Tesla shares fell more than 10% over the past week, and retail sentiment on Stocktwits was described as extremely bearish.
why it matters
The market takeaway is that a major investor is openly talking about buying on weakness, while Tesla remains one of the most closely watched names in the Nasdaq. Wood also linked AI prospects to U.S. productivity data showing annualized growth of 3.7%.
market impact
Tesla and SpaceX: investor focus on robotaxi and space data centers amid the recent pullback
tags
instruments
on polymarket
sources
- Cathie Wood Sees Tesla’s Robotaxi Business Taking Off — Says This Is The Moment Investors Have Waited For — Stocktwits, 8 November 2026 at 13:09 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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