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She is amazing, somehow manages to take Elon at his word on everything when even his biggest fans use phrases like "Elon time" Her valuation makes sense if you
by sidibe 4y ago
She is amazing, somehow manages to take Elon at his word on everything when even his biggest fans use phrases like "Elon time"
Her valuation makes sense if you think Tesla's going to dominate the car industry and robotaxi and displace truckers with FSD and have Tesla robots replace all factory workers and nurse, rent out the supreme dojo chips to the whole world, etc.
- ericmay 4y agoA good thing to remember here is that most of the media-based investing is the product that Wall Street* sells. Cathie Woods' job is marketing and sales. She needs to make "big bets" or say outlandish things because her market niche is hyper-focused on tech futurism. She'll take her carry and move on with her life and so long as she can always move the goalposts people will continue to invest based on that marketing. Once 2026 and Tesla isn't a $7 trillion company (though I personally think it still has massive upside if Elon quit being a fucking lunatic) she can say the pandemic or Twitter or something stymied the growth and it's actually 2036 now that it'll be a $7 trillion company and so invest now! Etc. etc. * This is an oversimplification and financial firms do provide very valuable services and products to customers and clients around the world.