Tesla (TSLA.US) drops over 10% in a week, but ARK keeps buying! Cathie Wood: This is the moment we've been waiting for

According to the Zhihui Finance APP, despite recent volatility in Tesla (TSLA.US) shares, ARK Invest founder Cathie Wood, known as the "Queen of Wall Street," remains optimistic about the company. She stated that Tesla’s Robotaxi business is gradually meeting expectations, while the market is currently focused on Elon Musk's many companies and concerned about political and regulatory uncertainties he may face.

Last Friday, during an interview at the UP.Summit held at Kennedy Space Center, Wood said that ARK continued to increase its holdings in Tesla and SpaceX (SPCX.US) during this market pullback, doubling down on her two strongest conviction holdings.

Last Friday, Tesla closed up more than 4%, and SpaceX shares surged nearly 9%. However, Tesla is down 20% so far this year, while SpaceX has fallen 0.5%. By comparison, the S&P 500 index has risen more than 7% this year, and the Nasdaq 100 index is also up nearly 7%.

Wood Says Tesla Robotaxi Has Reached “Escape Velocity”

Wood explained that ARK is taking advantage of the pullback in Tesla and SpaceX shares to further increase positions in the two companies, rather than reducing or exiting their stakes.

“We disclose our trading records daily, and you can see we’ve been consistently buying,” she said.

Wood added that Tesla and SpaceX are ARK’s core holdings, and a market pullback is precisely an opportunity to focus on long-term potential targets.

“If there’s anything that’s changed, it’s that Robotaxi has already surpassed escape velocity, delighting consumers. This is the moment we’ve been waiting for, so we’re not concerned in this regard,” Wood noted. This optimistic stance comes as Tesla shares plunged more than 10% in a single week.

Wood acknowledged that Musk may face various forms of political interference, including being summoned to testify, but she believes Musk’s ability to juggle multiple companies is irreplaceable.

“I’ve never seen anyone like him, able to clearly segment and efficiently advance so many projects.”

Wood also mentioned that SpaceX’s ambitions are no longer limited to rocket launches—the concept of in-orbit data centers is becoming increasingly realistic.

She pointed out that ground-based data centers face numerous challenges, making space infrastructure more attractive. In addition to solar power, these in-orbit computing facilities could also be powered by nuclear energy.

“I think the importance of space data centers may now far exceed what many people expected.”

On Anthropic’s Potential IPO: Financials Are Astounding

Besides Tesla and SpaceX, Wood also commented on Anthropic’s listing plans, saying that current volatility in the AI sector may impact the company’s final valuation.

According to market rumors, Anthropic’s target valuation is in the range of $1.5 trillion to $2 trillion. Wood believes the current environment will most likely push the valuation toward the lower end of that range.

However, she thinks the market should pay more attention to the company’s impressive financial performance.

“If you look at Anthropic’s S-1 filing, the numbers in there are quite astonishing,” Wood said.

She highlighted the sharp growth in revenue and, more importantly, that the company has already achieved operational profitability. According to Wood, about 75% of Anthropic’s computing resources are dedicated to model training—a notably high-cost expenditure—yet the company still maintains profitability.

“Many people have not yet realized just how astonishing this actually is.”

Wood also linked AI’s profit potential to a productivity boom: The latest U.S. economic data show labor productivity at an annualized growth rate of 3.7%, while unit labor costs have fallen by 0.7%.

In her view, this may signal that the productivity revolution ARK has long bet on is truly underway, and workers will be able to share in the gains of this new growth cycle.