Queen of Bull Market: Where Did the Bubble Come from? Tesla Motors is fine
Cathie Wood, the head of ARK Fund, who is famous as the "Queen of Bull Market", insists on looking at the asset that made her famous in World War I: Tesla Motors stock.
At a time when Tesla Motors's share price is in an all-time high above US $800 and has reached a peak of US $900, Cathie Wood insists that there is no bubble in Tesla Motors's share price and she is still optimistic about its prospects.
In her opinion, Tesla Motors stock is as solid and durable as the Tesla Motors Model S she bought in 2018. So far, there has been no problem with the car. She has never even called customer service because she doesn't need it at all. Both the car and the stock satisfied her very much.
So far, Tesla Motors has been a major investor in ARK's most active fund. Among them, ARK Innovation ETF holds 9.1% of Tesla Motors rights. Its position in Autonomous Tech ETF is as high as 10.1%, and it is also the largest major stock in Next Generation Internet ETF, with a position of 8.8%.
It is also because of Tesla Motors that ARK has been able to become one of the world's ETF giants with an asset management scale of up to US $50 billion.
Who would have thought that with Tesla Motors's stock price soaring, ARK's scale could rise as high as it is today. After all, at the beginning of last year, its scale was less than one tenth of today's.
However, ARK's high position bet on Tesla Motors has also raised doubts about their over-concentration.
Cathie Wood is not worried about this. According to the Financial Times, the "bull market queen" said:
In the past two decades, any exciting investment has aroused great doubts because of the bitter loss experience, such as the Internet bubble at the beginning of this century and the US real estate bubble that triggered the financial crisis.
This is why investment opportunities are so great.
Most portfolios don't have such large risk exposure, and the companies