Ark Invest's Cathie Wood is set to join $Tesla (TSLA.US)$ CEO Elon Musk on X Spaces later this week. Here's what you need to know ahead of the event.
What To Know: In a post on X Tuesday night, Wood announced that she is scheduled to chat with Musk this week on the X platform. The conversation will take place on X Spaces, but an official date and time was not provided.
Wood did note that the conversation will cover "everything from AI to space and beyond!" She also asked X users to reply to the post with questions for the pair.
Wood was an early investor in Tesla and still maintains significant exposure to the electric vehicle maker across her funds. Tesla is the third-largest holding in Ark's flagship fund, $ARK Innovation ETF (ARKK.US)$, with a 7.33% weighting as of Wednesday.
AI has been arguably the biggest theme of 2023 and given Tesla's positioning in the space, it's no surprise that Wood and Musk plan to talk about it.
Last month, Wood argued that Tesla is actually the biggest AI player on the planet.
Autonomous taxi platforms are the biggest AI project in the world, therefore we think Tesla is the biggest AI player," Wood said at the time.
She also noted that as long as Ark's autonomous advantage thesis remains intact, Tesla will remain a top five holding in the ARK Innovation fund.
Wood also mentioned space as a potential topic of discussion this week. Based on early responses to Wood's post, other potential topics include full self-driving, global EV adoption, Cybertruck demand, timelines for a $25,000 electric vehicle, Musk's acquisition of X and crypto, specifically Bitcoin and blockchain technology.
TSLA Price Action: Tesla shares are up more than 100% since the start of the year. The stock was down 1.43% at $253.75 at the time of publication, according to Benzinga Pro.
