""Elon Musk is the most productive human being on earth. And a human being who attracts incredible talent, people who want to solve the world's hardest problems. This is a win-win for all of us if Elon succeeds this time," Wood stated. Musk appreciated Wood's comments, stating, "Thanks Cathie!" In a post on X."
"Tesla is ARK Invest's single largest holding, with the firm holding an estimated $1 billion worth of TSLA, as noted in an Insider report. Wood previously said she expects the approval of Musk's pay package to trigger "super-exponential growth" for the automaker, as new products like the Cybercab and Optimus expand Tesla's offerings."
Cathie Wood reiterated support for Elon Musk's 2025 CEO Performance Award and expressed confidence the vote would pass. Wood said Musk attracts incredible talent and that his leadership has allowed companies he leads, including Tesla, to become disruptors. Proxy advisory firms Glass Lewis and ISS have recommended voting against the pay package, while entities such as the State Board of Administration of Florida have indicated support. ARK Invest holds roughly $1 billion of Tesla stock, and Wood said approval of the pay plan could trigger "super-exponential growth" for Tesla as new products like the Cybercab and Optimus expand offerings.
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