Cathie Wood 1700% Tesla & EV Growth WRECKS Legacy Auto

How the Global Auto industry is changing to EV. The winner and the losers over the next decade.


Cathie Wood of ARK Invest is well known for making bold calls on innovative companies such as Tesla. This time, Cathie is betting not only on Elon Musk but on the entire electric vehicle industry, for outsized gains. With the success of Model 3 and Model Y Tesla is able to invest back into the business to grow production. This will contribute to the EV market growing at 1700% over the next 4 years, which will wreck legacy automotive companies and the dealership business models. Tesla's Giga Shanghai is also rapidly ramping up production far above Tesla's stated capacity, which will lead to strong market share on the electrification path to 2025.
JiggaJonsonsays...

Don't get me wrong, I want all electric vehicles on our roads; but your lord and savior made it harder to buy Teslas https://fueleconomy.gov/feg/taxevb.shtml by allowing the tax credit to expire during his term

"Tesla vehicles purchased after 12/31/2019 are not eligible for these tax credits."

Hmmm who was president in 2019? Dunno. Dems are working on a plan to restore the credit to Tesla and GM, but I assume it'll be killed by McConnel and Manchin


Even WITH the tax credit, it's a hard buy for most of us. I just finished paying off my first new car @ about $25k, but I DO make trips longer than 250 miles in a day somewhat regularly. So even the $40k model wouldn't do for me. $52,000 is simply out of my price range. Shit, even 40k is too much for me. SHIT even 35k is too much for a person without a car payment as of a few months ago. No thanks.

I'm gonna ride this car until the wheels fall off, I get 43mpg and I'm satisfied with that.


Tesla stock meanwhile seems to vary wildly. Go get some boring mutual funds brother. Easy come easy go, they say.

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