Cathie Wood maintains a bullish outlook on Tesla's potential for growth beyond just cars, with a focus on full self-driving technology and robo taxis, and believes in the future of electric vehicles and industry growth
Questions to inspire discussion
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What is Cathie Wood's price target for Tesla?
—Cathie Wood maintains a $2,000 per share price target for Tesla.
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What is the potential revenue from Tesla's Full Self-Driving technology?
—Cathie Wood predicts 8 to 10 trillion in revenue by 2030 from Tesla's Full Self-Driving technology and robo taxi opportunity.
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Why has Tesla's price fallen recently?
—Tesla's price has fallen due to worse than expected numbers, economic weakness, and a big inflection point.
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What is the impact of competition from GM and Ford on Tesla?
—Competition from GM and Ford pausing their electric vehicle plans is seen as a positive for Tesla.
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What is the future outlook for electric vehicles and industry growth?
—Cathie Wood believes in the future of electric vehicles and industry growth, especially with the potential for a robo taxi fleet.
Key Insights
- 🚗 Cathie Wood maintains a $2,000 per share price target for Tesla, emphasizing the promising future with FSD and Robo taxi.
- 🚗 The robo taxi opportunity globally will deliver 8 to 10 trillion in Revenue by 2030, making it one of the most important investment opportunities of our lifetimes.
- 🚗 Tesla's autonomous taxi network is expected to be a game-changer in the transportation industry.
- 🚕 The possibility of a robo taxi fleet could be the biggest thing for society, technology, and everyday life.
- 🚗 Tesla epitomizes the convergence among technologies, and the robo taxi network is not an if, it's a when.
- 🚗 "Her bull case is that Tesla's plans to roll out a robotaxi could drive up to 10 trillion in Revenue by 2030."
- 🚗 Tesla is cutting prices and still making a profit on Robo taxi, which is pretty phenomenal.
- 🚗 1. 31 countries now have 5% sales of electric vehicles, indicating an unstoppable force in the global market.
#HerbertOng #Cathie Wood
Clips
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00:00 🚗 Cathie Wood maintains $2,000 price target for Tesla, Arvest buys $80 million worth of shares, predicts $8-10 trillion in revenue by 2030 from Full Self-Driving technology and robo taxi opportunity, believes in future of EVs and Tesla, confident in potential with release of version 12.
- Cathie Wood maintains a $2,000 per share price target for Tesla and Arvest has been buying Tesla shares hand over fist, with a recent buy of $80 million worth just a few days ago.
- Cathie Wood discusses the potential of Tesla's Full Self-Driving technology and the robo taxi opportunity, predicting 8 to 10 trillion in revenue by 2030.
- Tesla's price has fallen due to worse than expected numbers, and analysts believe there is economic weakness and a big inflection point.
- Competition from GM and Ford pausing their electric vehicle plans is seen as a positive for Tesla, and the cost of electric vehicles is expected to be cut in half in the next five years due to Tesla's new manufacturing techniques and AI technology.
- Cathie Wood believes in the future of EVs and Tesla, especially with the potential for a robo taxi fleet.
- Cathie Wood is confident in Tesla's potential with the release of version 12, despite criticism, and is buying stock while others are afraid.
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05:38 🚗 Tesla is more than just a car company, with a focus on tech and AI, and the potential for electric vehicles to surpass traditional gas-powered cars in sales within 5 years.
- Tesla is not just a car company, but also a tech and AI company with a robo taxi network that is already happening.
- The speaker discusses the increasing precision and aggressiveness of full self-driving mode in Tesla cars, predicts that 75-85% of all car sales will be electric in 5 years, and emphasizes the potential for electric vehicles to become more affordable and surpass the sales of traditional gas-powered cars.
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08:18 🚗 Cathie Wood is bullish on Tesla's potential to expand beyond cars into areas like full self-driving and robo taxis, citing significant revenue growth by 2030.
- The speaker discusses the potential for Tesla to expand beyond being just a car company into other areas such as full self-driving, robo taxis, and bots.
- Cathie Wood discusses the potential for Tesla's mega pack stationary storage and robotaxi plans to drive significant revenue growth by 2030.
- Cathie Wood is bullish on Tesla's Robo taxi potential, citing the lack of regulatory barriers and the company's current operation of Robo taxi services in seven cities.
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11:18 🚗 Tesla's success in achieving high EV adoption rates lies in offering compelling and affordable electric vehicles, despite skepticism and concerns about regulation and liability.
- Gary Black and others are making wild speculations based on bad data and second-rate information, not within their core competencies.
- The key to achieving high EV adoption rates lies in offering compelling and affordable electric vehicles that meet the needs and desires of the market.
- Despite skepticism and concerns about regulation and liability, it is possible to run an autonomous vehicle program in 10 states, with Nevada being a prime example.
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14:28 🚗 Cathy Wood discusses the potential profitability of Tesla's Robo taxi and the support for autonomy in driverless cars from the Department of Transportation and many states.
- The Department of Transportation and many states support autonomy for driverless cars as it will reduce deaths, costs, and impact the environment positively.
- Kathy discusses the profitability of Robo taxi, Tesla's ability to cut prices and still make a profit, and the potential for electric vehicles and artificial intelligence in the future.
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16:59 🚀 Tesla's value is predicted to reach $2,000 in 5 years despite a current decrease, with disruptive forces like AI and disintermediation potentially impacting major companies, and Cathie Wood believes in the future of electric vehicles and industry growth.
- The AI project is evaluating the value of Tesla, predicting it to be worth $2,000 in 5 years, despite a current 60% decrease and a trading range.
- Investors understand the provocative convergence of three technologies, with Tesla no longer being part of the "Magnificent 7" and disruptive forces like AI and disintermediation potentially impacting other major companies.
- Tesla's manufacturing prowess and ability to ramp up new products at scale and profitably gives them a competitive advantage over other companies in the autonomous technology and electric vehicle market.
- Cathie Wood believes in the future of electric vehicles and the potential for growth in the industry, especially with the development of new models and reduced prices.
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21:15 🚗 The global shift towards electric vehicles is inevitable, with many countries implementing bans and mandates for EVs, despite lagging adoption in the US.
- 31 countries have reached the 5% mark for electric vehicle sales, indicating a global shift towards EVs despite lagging adoption in the US, and with many countries implementing ICE bans and mandates for EVs.
- The switch to electric vehicles is inevitable, with some countries enforcing stricter regulations, and the rest of the world still exists regardless of potential changes in the US.
- Lidar technology works for geographically confined areas, but has limitations and requires human intervention for edge cases.
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24:17 🚗 Tesla is working on robotaxi technology, but there are still limitations to the technology and it's uncertain when it will be fully functional.
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Duration: 0:25:59
Publication Date: 2024-04-04T09:35:52Z
WatchUrl: https://www.youtube.com/watch?v=fp_UJUzo6MY
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