A Tesla Model 3 charges at a Supercharger.
A Tesla Model 3 charges at a Supercharger.
  • Buying Tesla stock is the best way to add AI to a portfolio, Cathie Wood said Thursday.
  • The Ark Invest chief expects the electric carmaker's share price to surge eightfold in five years thanks to investors' passion for tech like ChatGPT.
  • "Tesla is one of the most profound AI companies out there," she said Thursday.

Buying Tesla stock is the one of the best ways investors can capitalize on the rise of ChatGPT and broader AI tech, according to Cathie Wood.

The Ark Invest CIO said Thursday that the electric carmaker's status as the top holding in three of her funds reflects its share price's potential to surge eight times due to its prospective status as an AI stock.