Cathie Wood on Tesla
From Cathie Wood on Bitcoin Holdings, Tesla, AI, 2024 Outlook · · Bloomberg Television
“The world is evolving, actually, I think, even more closely to what we expected because we expected a lot of traditional auto manufacturers to see the writing on the wall and rush as quickly as they could into scaling big time into electric vehicles. And what has happened recently, both GM and Ford have said we're stepping back. We're not going to do this until it's profitable. The problem with that is in order to be profitable, they need to scale. That's how this works. These are learning curves that they are writing down and those are expressed in cost declines. So the fact that they're pulling back means they're more there's more share for Tesla and others who choose to go for it.”
On , Cathie Wood, CEO & Founder at ARK Invest, spoke about Tesla during Cathie Wood on Bitcoin Holdings, Tesla, AI, 2024 Outlook on Bloomberg Television.
About Cathie Wood
Cathie Wood, CEO and CIO of Ark Invest, has recently made several public appearances discussing her investment theses on autonomous vehicles, artificial intelligence, cryptocurrency, and macroeconomic trends. In a June 2026 ride-along in a Tesla Robotaxi in Austin, Texas, Wood stated that she believes Tesla will achieve a "winner take most" market share in the robotaxi space, predicting the company could lower costs to 25 cents per mile at scale. She also argued that auto production has already peaked, citing the rise of ride-hailing services. Regarding SpaceX, Wood stated that her firm's preliminary analysis suggests orbital data centers could increase the company's revenue potential by "10 to 20 times" beyond their existing model, which had previously valued the company at $2.5 trillion based solely on broadband connectivity. On macroeconomic and regulatory matters, Wood has argued that the U.S. economy is entering a "boom territory" driven by productivity gains and capital spending, and she attributed recent market volatility to uncertainty around new Federal Reserve Chairman Kevin Warsh's policy stance. She has also expressed optimism about cryptocurrency, stating that institutional adoption is accelerating and that the "bottoming process" for Bitcoin is underway, with a base case price target of $730,000 by 2030 remaining intact. Wood praised SEC Chairman Paul Atkins for his deregulatory approach and predicted that the Clarity Act, if passed, would be a boon for the crypto ecosystem. She has also highlighted the convergence of AI, robotics, and blockchain technologies as a key driver of what she describes as a "technology revolution" that will dwarf the industrial revolution.