According to Cathy Wood, CEO of “Ark Investment Management”, the entry of the “Tesla” business to the operating platform for the most profitable taxi for self -management will be a catalyst to increase its share price of about ten times. Wood believes that the self -managing taxi market is an ‘opportunity to achieve global revenue between $ 8 billion and 10 trillion dollars’, and the platform providers, such as ‘Tesla’, are expected to receive about half of this value. In an interview with David English of Bloomberg and Rebecca Sen of “Bloomberg Intelligence” in the “Tiger Money” program, she added that investors abandoned the evaluation of “Tesla” as an electric car manufacturer, as a degree of self -driving taxi capabilities, it is also calculated in a price process. She continued: “Self -managing taxiplatforms are the largest artificial intelligence project currently being developed, and (ark) is mainly based on the evaluation of (Tesla) on its self -management capabilities. If we are right, the stock still has a good space for rise.” Tesla shares are a candidate for the rise. And compensate for the increase that has taken place over the past two months, the majority of losses, although it still achieves much weaker performance of its technology counterparts of the group, known as the ‘Seven Greats’. Wood was often optimistic about “Tesla”, making it one of the most important assets in the “Ark Inoven ITF” box, which trades on the stock exchange. The fund lost about 9% this year, while its assets fell by about a third, and these partially characteristics of money recovery. This is compared to the rise of the “Standard and Poor’s 500” index by 18%. Wood is known for her great expectations, including her expectation of a $ 1.48 million bite by 2030. Wood said that self -managing taxi networks will be an opportunity that “the winner takes the biggest share”, as the provider who can transport passengers from point A to point (b) is faster and safer in most of the business. She added that the network provider could take a stake of 30% to 50% of the profits the Navy owners achieved on its platform, giving it ‘continuous income with large cash flow’, in addition to a profit margin of more than 50%. It differs from the manufacturing and sales model, or to complete the work once for the vehicle industry. Wood said: “We believe that people are ignoring the opportunity of the available business, the growth rate and the level of profitability,” expected Tesla to “Tesla” is expected to lead the US market. The weight of “Tesla” exceeded the weight of “Tesla” in the “Ark Innoven ITF” fund, worth $ 6.5 billion last week. Wood indicated that the “ark” box usually does not improve the original share after the weight in the wallet reaches 10%. Although the share of what is due to the high value of the share, the company can usually sell before it reaches the levels of the level of “Tesla”. Wood added that the asset management company picked up some profits from “Tesla”, but allowed her to climb to the usual maximum because he believes Elon Mask is about to publish more information about his self -management project. In a “Bloomberg News” report, it was reported last Thursday that “Tesla” has postponed the disclosure of the planned self -management taxi two months to October to give work teams more time to build additional initial models. This news led to a decrease in the share price of 8.4%, in the largest drop rate on one day since last January. But Wood’s position was not influenced by this news. She explained, “We are probably getting close to getting taxis, and we are not far from there,” if mask “is aimed at being something more inspiring on August 8, compared to what we saw in the past. It is believed that this can happen by next October.” Tesla has not yet obtained the approval of the regulatory authorities to start driving cars without a driver on the road, and its cars still cannot move safely without permanent human supervision. Nevertheless, many investors believe that in the end it will put self -managed cars in the market; The value of the arrow rose, in addition to the optimistic expenses of the optimistic mask. Several potential in “Tesla” did not take into account the “Ark” evaluation model in the “Tesla” capabilities in China or in the field of human robots and energy storage units. Last April, Mask obtained the initial approval of Chinese officials to use his system to help the driver in the largest car market in the world, and reached an agreement for maps and navigation with Chinese giant technology company “Baidu” and met the requirements of data security and privacy protection. Wood indicated that with the distribution of the direction of self -management in the transport sector, the management of trucks without a driver can reduce the cost of railways and provide transport services from point to point. She added that the railroad systems that the experienced investor, Warren Paft, could be elected “stuck with the assets cut off.” Wood continued to question the high assessments of Invidia. Ark bought shares in the chips manufacturer that focuses on artificial intelligence for $ 4 during 2014 and retains it until it approaches $ 40 after calculating the shares division. Most of its share has been sold before the big increase since last year. Wood says that investors who have pushed the arrow to the current level do not take into account the time that businesses will take to know how to adopt artificial intelligence technology that has caused radical changes. She added: “From our point of view it is a very exaggerated and very premature investment.” Market support for technology companies added that investors pump big money into other six major US technology companies, which drives the concentration rate of the stock market to a higher level compared to 1932. At that time, investors went to the shares of large companies such as “AT&T”, of which the major monetary shares and free cash flow were as the enhancement of their survival Recession era. Over the next four years, the smaller businesses excelled in performance. However, high interest rates have forced investors to the six major US technology companies because of their major financial centers and partly for the growth of their paid income in artificial intelligence. Reducing interest rates will also increase the demand for investors to risk for other stocks with advanced technologies. Wood concluded: “Time is currently not suitable for abandoning our strategy. We believe that interest rates will fall more seriously than most people believe,” Wood concluded.
Cathy Wood: The Self -Management Taxi can double the price of “Tesla” ten times
