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Kathy Wood, well-known for her bullish stance on Tesla, addressed concerns about brand damage resulting from Musk's comments and actions. Despite reports of declining sales in markets like Germany and France, Wood asserted that the repercussions will not be long-term. She highlighted the anticipated success of Tesla's full self-driving (FSD) technology, predicting it would lead to robust new car sales as consumers experience its benefits.
According to Wood, the market tends to have a short memory, especially when trends pivot towards innovative technologies like robo-taxis, which could gain traction more quickly than many expect. She emphasized the importance of regulatory shifts—from state to federal levels—to encourage widespread adoption in the U.S.