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Cathie Wood 1700% Tesla & EV Growth WRECKS Legacy Auto

3 years 3 months 1 week ago

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.