Ark Make investments’s Cathie Wooden stated she’s sticking by her bullish calls on Tesla , Roku and bitcoin . “We stand by all of them,” Wooden stated when requested about her opinion on Tesla, Roku and bitcoin on CNBC’s “Squawk Field” Tuesday. “We have been shopping for Roku. I believe our final transfer on Tesla was a purchase as we commerce round it.” Wooden stated Tesla has held up lots higher than most of her different holdings as a result of the EV participant is now within the broad-based indices just like the S & P 500. “We have now used Tesla to commerce round however it’s our high holding nonetheless, and our confidence could not be increased as we see the motion in direction of electrical autos accelerates,” Wooden stated. “We’re fairly excited concerning the subsequent 5 years.” Tesla is the most important holding of Ark’s flagship fund Innovation ARKK , accounting for greater than 10% of the ETF. Wooden’s up to date name on Tesla predicts the inventory to hit $4,600 by 2026. Shares of Tesla are down 21% this yr, buying and selling round $276 apiece. “This yr there shall be nearly 8 million electrical autos offered all over the world and we expect that goes to 60 million in 5 yr. We expect Tesla is within the driver’s seat,” Wooden stated. The innovation investor stated final yr that the worth of bitcoin might surge to $500,000 within the subsequent 5 years if firms proceed to diversify their money and institutional buyers proceed to allocate 5% of their portfolio to the area. The cryptocurrency traded simply above $20,000 Tuesday. Roku is ARKK’s third largest holding with a 7% weighting. The corporate missed expectations on the highest and backside traces for its second quarter and warned of “an financial atmosphere outlined by recessionary fears.” The inventory has fallen almost 75% this yr.