#criptonoticias 🚨🔥Cathie Wood continues to bet everything on Elon Musk, even as Tesla's stock continues to fall and his political ambitions grow louder.

Speaking on Bloomberg Television this week, the founder of Ark Invest defended the CEO as the shares of the electric car company kept falling.

The stock dropped nearly 7% on Monday, wiping out $68 billion from Tesla's market capitalization, after Musk said he was starting a new political party. But Cathie, who has held Tesla shares in her funds since 2014, said she is not worried.

According to Bloomberg, Cathie pointed to Elon’s recent decision to take charge of Tesla's sales in the U.S. and Europe as a sign that he is finally focusing on the company again. She said:

“One of the announcements that Elon made recently is that he is going to oversee sales in the U.S. and Europe. When he sets out to do something, he generally achieves it. So I believe he is much less distracted now than before, let’s say, in the White House 24/7.”

The moment comes as Tesla's position in the European and Chinese markets weakens, with falling deliveries and resistance from customers.