Tesla's Top Analyst Losing Patience With Elon Musk's Prioritization of DOGE Over Electric Vehicle Development

Benzinga

Tesla's Biggest Bull Frustrated With Elon Musk's Focus On Doge Over Company

Tesla's biggest bull, Cathie Wood, is growing increasingly frustrated with Elon Musk's recent focus on Dogecoin over the electric vehicle manufacturer. Wood, the CEO of ARK Investment Management, has been a long-time supporter of Tesla and has consistently praised the company's innovative approach to the automotive industry.

However, in a recent interview, Wood expressed her disappointment with Musk's recent tweets about Dogecoin, which she believes is a distraction from Tesla's core business. "I think Elon is a genius, but I think he's getting a little too caught up in the crypto space," Wood said. "I think he's losing focus on what's really important, which is the electric vehicle industry and Tesla's role in it."

Wood's frustration is not just limited to Musk's tweets about Dogecoin. She also believes that the company's recent lack of transparency and communication with investors is wearing thin. "I think the company is getting a little too comfortable with its valuation and is not giving investors the kind of transparency they deserve," Wood said. "I think that's a mistake, because ultimately, it's the investors who are going to be the ones who are going to make or break this company."

Despite her frustration, Wood remains bullish on Tesla's long-term potential. She believes that the company's innovative approach to the automotive industry and its focus on sustainability will continue to drive growth and success. "I think Tesla is a company that is going to change the world," Wood said. "I think it's going to be a major player in the electric vehicle industry and will continue to be a leader in the space for years to come."

In the meantime, Wood is advising investors to be patient and to focus on the company's long-term potential rather than getting caught up in the day-to-day volatility of the stock market. "I think investors should be patient and focus on the company's long-term potential rather than getting caught up in the day-to-day volatility of the stock market," Wood said. "I think that's the best way to approach this company, because ultimately, it's the long-term potential that's going to drive the stock price."