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You're forgetting about Battery Day next month! You will find out that Tesla hits $100/kWh, which means they'll be able to sell an electric car for the price of

You're forgetting about Battery Day next month! You will find out that Tesla hits $100/kWh, which means they'll be able to sell an electric car for the price of a gas one, without giving up range. You're also forgetting that what they're selling has no real competition, just like the iPhone didn't skip a beat through the 2008-2009 crisis. Also their full self-driving tech is ahead of everyone, including Alphabet. I think ARKinvest's 2024 bull case of $24k/share is correct. And if you don't, I guess we'll just have to wait and see! :grin:

tecleandor 6y ago
For the price of WHAT gas car?
anoncareer0212 6y ago
The best part of ARK is when Cathie goes on CNBC to pump garbage like this, then she spends the next week selling off millions of $s of it (thousands of shares). Merited a mention in the FT this week after their latest disclosure, the 3rd time in 4 months Would love to take the other side of any wager you offer
refurb 6y ago
Those are all positive factors, but I would imagine that car sales in general (electric or not) are going to take a big hit. When you've taken a 25% in income this year, I think many people are going to put a hold on big purchases.
jakecopp 6y ago
> their full self-driving tech is ahead of everyone, including Alphabet This seems doubtful, I'd be really interested to read any source that advocates that :)
gbronner 6y ago
Ark's 24k/share translates to 4.4 Trillion. Would be worth more than most of the currently most valuable companies on earth now combined.
- maxharris 6y ago
  And how much of what the Fed is putting into the economy will end up in stocks? ;) Of course, the Fed should just let bad companies fail! What they're doing will hurt the long-term prospects of the country as money is misallocated in zombie businesses, instead of in promising new companies with better technology. This makes it even more important to invest in the few companies that are genuinely growing. It keeps you above inflation!
clouddrover 6y ago
> You're also forgetting that what they're selling has no real competition Europe is the world's second biggest car market after China. Volkswagen Group and the Renault-Nissan-Mitsubishi alliance have both sold more BEVs than Tesla in Europe so far this year: https://twitter.com/auto_schmidt/status/1250880399137529864 https://twitter.com/auto_schmidt/status/1250880399137529864 Across the course of the next year or two Hyundai Group will also start to sell more BEVs in Europe than Tesla does. So far in 2020, the Audi e-tron has sold 3 times more in Europe than the Model S and Model X combined and it has also outsold both models globally: https://ev-sales.blogspot.com/2020/04/europe-march-2020.html https://ev-sales.blogspot.com/2020/04/europe-march-2020.html The coronavirus pandemic is going to put a dent in everyone's sales for a few years but BEV production will continue to ramp up. None of this is surprising. They're big car companies and they sell a lot of cars. The same pattern will play out in all markets eventually.

tecleandor 6y ago

For the price of WHAT gas car?

anoncareer0212 6y ago

The best part of ARK is when Cathie goes on CNBC to pump garbage like this, then she spends the next week selling off millions of $s of it (thousands of shares). Merited a mention in the FT this week after their latest disclosure, the 3rd time in 4 months Would love to take the other side of any wager you offer

refurb 6y ago

Those are all positive factors, but I would imagine that car sales in general (electric or not) are going to take a big hit. When you've taken a 25% in income this year, I think many people are going to put a hold on big purchases.

jakecopp 6y ago

> their full self-driving tech is ahead of everyone, including Alphabet This seems doubtful, I'd be really interested to read any source that advocates that :)

gbronner 6y ago

Ark's 24k/share translates to 4.4 Trillion. Would be worth more than most of the currently most valuable companies on earth now combined.

maxharris 6y ago
And how much of what the Fed is putting into the economy will end up in stocks? ;) Of course, the Fed should just let bad companies fail! What they're doing will hurt the long-term prospects of the country as money is misallocated in zombie businesses, instead of in promising new companies with better technology. This makes it even more important to invest in the few companies that are genuinely growing. It keeps you above inflation!

clouddrover 6y ago

> You're also forgetting that what they're selling has no real competition Europe is the world's second biggest car market after China. Volkswagen Group and the Renault-Nissan-Mitsubishi alliance have both sold more BEVs than Tesla in Europe so far this year: https://twitter.com/auto_schmidt/status/1250880399137529864 https://twitter.com/auto_schmidt/status/1250880399137529864 Across the course of the next year or two Hyundai Group will also start to sell more BEVs in Europe than Tesla does. So far in 2020, the Audi e-tron has sold 3 times more in Europe than the Model S and Model X combined and it has also outsold both models globally: https://ev-sales.blogspot.com/2020/04/europe-march-2020.html https://ev-sales.blogspot.com/2020/04/europe-march-2020.html The coronavirus pandemic is going to put a dent in everyone's sales for a few years but BEV production will continue to ramp up. None of this is surprising. They're big car companies and they sell a lot of cars. The same pattern will play out in all markets eventually.