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游民一主
2022-10-26

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Cathie Wood Thinks Tesla Could Expand Market 10x With a Cheaper EV

Cathie Wood, and her team at ARK Invest, believe that Tesla (TSLA) could expand its overall addressa

Cathie Wood Thinks Tesla Could Expand Market 10x With a Cheaper EV

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At the same time, that market expands to nearly 50% when a vehicle&#39;s price point drops below $30K. Therefore, if TSLA were to launch a cheaper option compared to the Model 3 and Model Y their addressable market would increase significantly.</p><p>Ark Invest stated: “In our view, fears of declining demand for Tesla vehicles are misplaced. If anything, Tesla is supply constrained at current price points, and a $30,000 vehicle could expand demand ten-fold. We would not be surprised if Tesla’s next-generation vehicle is the cyber robotaxi.”</p><p>Wood who has been a longtime bull on TSLA also added 10,821 shares of the EV giant to the ARK Autonomous Technology &amp; Robotics ETF (BATS:ARKQ) on Monday.</p><p>For ARKQ, Tesla represents the top holding, with a weighting in the fund of 10.12%.</p><p>Additionally, the ARK Innovation ETF (NYSEARCA:ARKK), Wood’s flagship fund, holds a 9.17% weighting towards the company. This represents ARKK&#39;s second-largest position.</p><p>The ARK Next Generation Internet ETF (NYSEARCA:ARKW) is also involved with TSLA, as the ETF positions the company as its second heaviest weighting at 8.26%.</p><p>Year-to-date price action: TSLA -47.2%, ARKQ -44.2%, ARKK -63.5%, and ARKW -62.9%.</p><p>In other TSLA related news, Morgan Stanley cut its base case price target on Overweight-rated Tesla to $330 from $350.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Thinks Tesla Could Expand Market 10x With a Cheaper EV</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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At the same time, that market expands to nearly 50% when a vehicle's price point drops below $30K. Therefore, if TSLA were to launch a cheaper option compared to the Model 3 and Model Y their addressable market would increase significantly.Ark Invest stated: “In our view, fears of declining demand for Tesla vehicles are misplaced. If anything, Tesla is supply constrained at current price points, and a $30,000 vehicle could expand demand ten-fold. We would not be surprised if Tesla’s next-generation vehicle is the cyber robotaxi.”Wood who has been a longtime bull on TSLA also added 10,821 shares of the EV giant to the ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) on Monday.For ARKQ, Tesla represents the top holding, with a weighting in the fund of 10.12%.Additionally, the ARK Innovation ETF (NYSEARCA:ARKK), Wood’s flagship fund, holds a 9.17% weighting towards the company. This represents ARKK's second-largest position.The ARK Next Generation Internet ETF (NYSEARCA:ARKW) is also involved with TSLA, as the ETF positions the company as its second heaviest weighting at 8.26%.Year-to-date price action: TSLA -47.2%, ARKQ -44.2%, ARKK -63.5%, and ARKW -62.9%.In other TSLA related news, Morgan Stanley cut its base case price target on Overweight-rated Tesla to $330 from $350.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2182,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}