Cathie Wood has been a successful investor in high tech stocks over the last decade, including, prominently, Tesla, and is a huge bull on EVs in general.
Here she makes some bold statements.
Tesla is going to be the autonomous Taxi network.
Tesla epitomizes the convergence of technologies.
Robotaxis are not an if, but a when.
Robots, energy storage, artificial intelligence are the converging technologies.
Autonomous vehicles are the biggest AI play in the world.
In 5 years, 75 to 85 percent of US auto sales will be electric, and the average EV will be in the 20 to 25 thousand dollar range.
Tesla will be trading at 2000/share in 5 years.
I think Tesla’s success will depend a lot on how much Elon Musk is not involved in the day-to-day decisionmaking.
The S&P 500 is up 29% for one year, 11% for three years, and 15% for five years. Wood’s Ark Innovation’s is negative 26% for the past three years, and up just 1% for five years. Investor’s Business Daily showed her losses on TSLA were $191M back in January, before the recent carnage. https://www.investors.com/etfs-and-funds/sectors/sp500-cathie-woods-fund-suffers-473-million-hit-from-2-ugly-stocks/
Is it more likely she’s sincere than desperately trying to pump the stock to credulous retail investors? Maybe, but at a minimum, there’s something very wrong with her model.