What Cathie Wood JUST Said About Tesla, Rivian & Lucid | Summary and Q&A

TL;DR

Kathy Wood of Ark Invest expresses her continued bullishness on Tesla, highlighting the company's ability to create barriers to entry and its potential for autonomy. She remains skeptical of Rivian and Lucid due to their high valuations and lack of scaling opportunities.

Key Insights

• 🥺 Ark Invest's research has led them to become even more bullish on Tesla and suggests that their previous price targets may have underestimated the company's potential.
• 🥺 Wood sees Tesla's lead in autonomy as unassailable due to their ability to collect high-quality data, making their autonomous software the safest.
• 🖤 Wood is cautious about Rivian and Lucid due to their high valuations and lack of massive scaling opportunities compared to Tesla.
• 🤪 Wood emphasizes the importance of looking to the future when investing and understanding where innovation is going, rather than relying on past performance.
• 😫 Wood believes that Tesla's focus on autonomy and its potential to become an autonomous taxi network sets it apart from other electric vehicle companies.
• 🌲 Wood applauds Musk's bold and unconventional approach on Twitter, highlighting his unique personality and transparency.
• 🦔 Wood also values her background in macroeconomics and her ability to understand evolving algorithms, which gives her an edge in predicting future market trends.

Transcript

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Questions & Answers

Q: What is Kathy Wood's opinion on Tesla's disruptiveness and value in the future?

Kathy Wood believes that Tesla is a disrupter and has created higher barriers to entry than originally believed. She sees value in Tesla's potential for autonomy and its ability to collect high-quality data.

Q: Why does Wood think Ark Invest has underestimated Tesla in the past?

Wood acknowledges that Ark Invest may have underestimated Tesla in the past due to their continuously growing bullishness on the company. They are constantly updating their research and valuation models, leading to potential updates in their price targets.

Q: Will Rivian and Lucid be included in Ark Invest's fund?

Wood is skeptical of including Rivian and Lucid in Ark Invest's fund due to their high valuations and lack of massive scaling opportunities. She believes that their success depends on factors such as achieving autonomy and entering the autonomous taxi network.

Q: How does Wood feel about Elon Musk's Twitter poll and stock sale?

Wood believes that Elon Musk's actions on Twitter and his stock sale reflect his personality and sees no issue with it. She emphasizes the importance of being compliant when discussing stocks on social media.

Summary & Key Takeaways

• Kathy Wood believes that Tesla is a disrupter and considers it to be a strong investment due to its ability to create barriers to entry that are higher than previously believed.

• Ark Invest's research has led them to become even more bullish on Tesla, suggesting that their previous price targets may have been underestimated.

• Wood remains skeptical of Rivian and Lucid, citing their high valuations and lack of massive scaling opportunities as reasons for her caution.