Musk's establishment of a new party raises concerns among investors, Ark Fund founder shows support.

On July 8, Jin10 reported that after Tesla’s stock price experienced severe fluctuations on Monday, well-known investor Cathie Wood, founder of Ark Invest and a long-time staunch supporter of Musk, stepped forward to defend him again. She pointed out that Musk has recently re-emphasized his focus on the company’s operations, especially after personally taking over sales matters in the U.S. and Europe, indicating that his commitment to the company is deepening during this critical time. “When he really focuses on something, he usually succeeds in getting the job done. Therefore, I believe that compared to the past, like when he was busy in the White House all day, he is now much more focused.”