ARK's Keeney Still Bullish on Tesla Leading EV Future
ฝัง
- เผยแพร่เมื่อ 24 ม.ค. 2024
- Tesla shares plunged after Elon Musk’s pitch for investors to look past slower sales growth fell flat. Tasha Keeney, ARK Invest Director of Investment Analysis & Institutional Strategies, joins Caroline Hyde and Ed Ludlow to explain why she is still bullish on the EV maker. She speaks on "Bloomberg Technology."
--------
Like this video? Subscribe to Bloomberg Technology on TH-cam:
/ @bloombergtechnology
Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: tinyurl.com/ycyevxda
Get the latest in tech from Silicon Valley and around the world here:
www.bloomberg.com/technology
Connect with us on...
Twitter: / technology
Facebook: / bloombergtechnology
Instagram: / bloombergbusiness
Remember the $35,000 car? Back before the Model 3 came out Tesla was touting the $35,000 Everyman car.
The price of a Model 3 Standard Range, the upgraded 2024 model, is $38,990 without incentives. In 2019 dollars that’s roughly $32,400.
It is now a premium car with heated and cooled seats, rear seat video, ambient lighting, improved suspension and superior noise dampening.
It does 0-60 in 5.8 seconds, same as a Mazda Miata, but the torque is higher so the acceleration is mind bending.
It is now truly the “Everyman’s car.”
😂whatever you have to tell yourself to believe the bs 😂 “ I suggest you not use inflation value on a stale 7 year model car as if it supports the original price claims 😂
@@icarusc44 What should be the 2024 price of a Tesla Model 3 to match its originally claimed $35,000 value, in your opinion?
@@DontMe__ considering its an old 7 yr model car most companies would have moved on from it or not claim a price point that doesn’t exist when it was originally released. The original poster’s argument is dumb. It’s like claiming a 2010 Mac is a nice premium desktop for everyone 🙄 by the way the 3 was never a premium vehicle.
@@icarusc44Inflation is real whether it is an older car or newer car. Amongst ICE cars there is barely a new sub 25k car left compared to 2019. And please don’t say because they are more advanced models. All carmakers are impacted by higher labor and part costs. With respect to your point on being an old car, it’s fair to critique Tesla for poor marketing. If you follow Tesla closely, Tesla makes constant internal changes and improvements to its cars but doesn’t change the model year. This indeed gives the impression that nothing changes. Legacy ICE cars will change the placing of the coffee cup holder and call it a new model year. That is indeed smart marketing. The new model 3 Highland has 50% new parts, including changes to exterior and interior. I doubt many people now that.
@@denero66 you just said a bunch of nothing that wasn’t related to anything that was said. The fact still remains a substandard overpriced car from an overvalued company didn’t produce a vehicle in the claimed price range and playing with numbers years after initial introduction into the market doesn’t mean that said company reached its price target.
They’ve been focused on the long term for the longest time. They had one good year in the firms history and became celebs
Some of these commenters missed the news: the Model Y is the world’s largest selling car model of any kind! Not just EVs, it beats Toyota and Ford ICE cars and all others.
People love to hate Tesla
BYD has surpassed TSLA as the biggest seller of EVs in China (2023 Q4), and is destined to be #1 worldwide unless countries implement trade barriers (as Musk mentioned in the earnings call). TSLA stock is dead money.......at least for the next year.
@@jlvandat69 where can I buy a BYD here in the US?
@@my_RS4 good question. I am not sure. Personally, I would be careful when it comes to any EV maker. The number of companies entering the market is growing fast, while demand estimates are being revised downwards due to multiple factors. I am seeing better opportunities in other industries, personally.
@@jlvandat69 that's the thing, you won't be able to buy a BYD here in the US, there's a 25% tax on Chinese auto imports, so we aren't going to see any for a good long while. Tesla will be fine, I'm on the 7 year plan.
We're probably looking at a sideways year, but the Gen 3 platform could well be a huge launch point for the stock. I'll just be picking it up as I can earn more money over the next year.
EVs is not the issue of the slow down, interest is. FED better start cutting rate and move inflation target to 2.5% or it will be too late. So time yourself and buy for interest cut and a nice long-term stock.
I 100% guarantee you that there will not be robo taxis in 3 years.. absolutely no way...FSD with almost no interventions is awesome, but is miles away from actual ROBO TAXIS..
Agree, politicians will stop it. Think about uber, lyft, and taxi drivers. Would we see a backlash if they get squeezed out?
Tesla FSD doesn't work, either.
Ever heard of company name wymo?
@@se6836dont know how much disengage rate for waymo. think you can actually remote control a waymo, and it is geofenced which make it really exponentially easier.
Ark invest aka the investment firm whose experts always give sky high estimates on everything that they recommend.
Check out the aark performance. It is terrifying, yet woods and others from the firm continue making recommendations. It's unreal.
They arent experts,non of them have ever anthing to do with tech,they are just marketing people that use puzzwords to sound like experts!
Look if tesla continues to drop I'm going to buy when I think the time is right I'm buying fractional shares.
Yes, $100-135
TSLA is worth maybe $80 max.
Be smart and wait until it's under 100$ ideally 80$ would be perfect.
Free advice is worth the price of the advice.
@@user-rw311😂
Right on,
she is on point
put it numbers. how do you value Tesla ?
ARK also sold loads of TSLA a while back and loaded up on SPOT, good move for the ETF.
They bought back in the last couple of weeks, check their publication
Truth is these people wouldn't have a clue. Ark invest have proven they have no idea their track record is disgusting at best.
What? They literaly prediced Tesla price per share and hit the mark.
I'm buying the dip.
Wow that time passes
The new Hyland version of the model 3 is in production now, the Cybertruck is out and will be ramping up and they just broke ground on the Nevada expansion for the Semi and battery production expansion. What's not to like?
I understand. But how that equates into a specific value of the stock today. ?
good that they bought big chunks yesterday but pls dont sell after couple days .
Hey wasn't this the lady who said in an interview back in 2019 that Tesla should release the Robotaxi immediately? Yea I don't trust a word of what she says anymore after that.. I've played with FSD Beta for the past year and it was NOT ready.. This lady is looking out for her funds, not reality.
Shes an expert in nothing other then marketing!
To motivate employees one thing is to set timelines even though you know it’s not possible great leaders are good motivators
I love Tasha! Keeping it real
I'm all in the torque crazy
Tesla’s Baghdad Bob
Robo taxis may not even be profitable. Maintenance on the fleet will eat up margins, and you have no IDEA what regulatory environment Robo Taxis will be forced to work in. They could be taxed to death to pay for the workers they are displacing.
Thank the Gods for people like Tasha who aren't tunnel-visioned into solely the next 3 months.
Smart people buy TSLA for the the long term. They WILL become a multi-trillion dollar company in the not too distant future.
Wall Street has zero patience
Yes. Patience.
Tasha 😍
She’s such bae 😢
Based on 16 Wall Street analysts offering price forecasts for UiPath Inc. (NYSE:PATH), a high estimate of $30.00, represents a potential +35% increase from the last price of $22.23.
UiPath (NYSE:PATH), an Artificial Intelligence automation processing software is the future of robotics.
Software technology that will make it easy to build, deploy, and manage software robots that emulate human workflow.
PATH eh? what's next C3AI? cmon man
There will be another 15-20% decline in $TSLA before you can think about buying to stock. 150.00 is a great entry point if you’re thinking LT
Robo taxis sure just round the corner the robot saw the folding clothes video is a total scam sarcasm is high
This year will be a great year. Here is why. Interests will go down making carpayments cheaper. The other EV producers are scaling down. You can now get 7500$ of an EV at the point of sale. The cybertruck is scaling up (and Tesla gets IRA money for their own 4680 batteries they put in them). In Q3 4 more battery lines are done. Their lithium refinery will be done in 5 month, saving Tesla lots of money on batteries, and they can sell lithium too. FSD12 have gotten rave reviews and will go out to 400.000 more cars in 2 weeks time. The robot is getting better by the minut. Teslas Huston giga factory will be build out this year. The Lathrup battery energy factory will be double in output in 6 month = lots of money. Tesla has 29.5 Billion in the "bank" getting 5% Interests. And in the baggrund they have 2 supercomputers that will 5-7x in size, the Semitruck factory is being build, the gen2 car lined are being build. IMO Tesla will improve revenue 50-60% this year. I am buying more Tesla stocks even month as I think this is the last year we will see these low prices. And by the way they might start advertising on a larger scale, something that will help disspell a lot of the FUD and fake mainstream anti Tesla propaganda😊
Peopla are pushing back on EVs
Tesla has nothing else to fall back on
The EV debacle in Chicago was a big bad PR. Elon has not said anything about it. He figures Chicago must be DEI drivers
On an adjusted basis, Tesla earned 71 cents per share in the fourth quarter, missing an average estimate from analysts at 73 cents on a 3% climb in revenue . Not a bad one for investment if you ask me.
Shows TSLA still on top of the investment game. I don't know why people are panicking.
With world markets tumbling, inflation soaring, the Fed imposing large interest-rate hikes, the treasury yields rising rapidly, markets manipulations, and many other factors makes me wonder if people still make profits from all these investing BS.
You are clearly missing out. Look at the numbers TSLA is doing on the average. also check most AI stocks. With the right steps & market study, one can make so much from the market right now. Believe me or not as a relatively inexperienced person who knows next to nothing, my net-profit is well over 80% just in a couple of months.
Very encouraging one. Wonder how folks like you get it right. Do you use spreadsheets
Spreadsheets have always seemed incredibly time-consuming and stressful to me. I mirror Debra Marie Styner's positions in real-time and I prefer it because it's very very transparent and everything is automated I don't have to be actively involved. Works magic for me.
Time to start dca
I am not worried about Tesla's future. It has a good head start as evidenced by its efficiency, HVAC system and battery tech. The key issue is its current insane valuation, something that also applied to the Mag-7. All are due for a correction once the Euphoria dies down. The difficulty is knowing when that will happen given irrational behaviours compounded by herd mentality.
Sadly I have been hearing a 5 year outlook from past 6 years from the analyst. Seems the 5 year mark moves each year.
Just try to imagine how much $$$$ the Tesla (and crypto) pumpers have cost investors.....mind-boggling, since both are down 40-55% from their highs. Tragic. There should be a law against such gross negligence.
You guys are the bozos that bought it into it. Who’s more foolish, the fools that get fooled or the fools that make money from the fools?
This is what happens when you stop paying your CEO. Once Elon has a new compensation package, I expect the stock to take off again. But not before then!
But the bulls have cost investors nothing! Only people who chickened out and sold low lost money. Even in this video Keeney is talking about Tesla as a LONG TERM investment. If you had actually followed the advice of Keeney and others then you would have lost nothing.
The people who really took a bath and cost their followers tons of money are the short sellers. There is a video of a short seller saying the Model Y is vaporware and will never be produced while EVs from the legacy automakers were going to be introduced and blow Tesla away. This was supposed to happen years ago! Instead legacy auto in the US is losing tons of money on every EV they sell and have scaled back EV production.
Short sellers took a bath. Long term investors lost nothing.
@BitJam I have been shorting tesla carefully since it and crypto peaked. It's been profitable but not every trade. Best profits were a pre-earning short recently, which I still hold 50%. In the big picture, the "hype factor " in both crypto and tesla is finally fading, leaving the ugly fundamentals visible = serious selling recently and will continue with occasional reverse trends. Same with crypto, which is an even better short. The closer you look at tesla, the more obvious a short position is justified but it takes homework.
I bought Tesla stock 2019 thanks to Cathie Wood and made a bundle all about timing.
@@BitJam I bought Tesla stock 2019 thanks to Cathie Wood and made a bundle all about timing.
Seems just yesterday that model 3 came out
People making loads from shorting Tesla in 2024.
Yeah, too bad the investors can't. What a fxcking shame.
And who's to say his X antics won't continue and bring the stock down further?
We found the Tesla Bag holder
Forget robo-taxi look at Optimus. Not just the initial sale but licensing software plugins to make it function and perform different roles. I’m astounded by the small minded media.
Just like 2016 when Elon says Tesla got FSD. 2024 FSD is at level 2. Optimus ready next year is BS.
Keep in mind her boss Cathie Wood's firm ARK Investments (i.e., her employer) bought Tesla a week before recent earnings so she's hardly an objective commentator. Shame on all these news outlets for continuing to bring on anyone from ARK.
3:00 Tasha misses the mark here, because even if EV prices become on par with those of gas cars, the EV failed to prove its superiority. EV's biggest selling feature was its "novelty effect" that is wearing off. Today, most who wanted to get an EV, already have one, and it is not as "compelling" as they thought it would be.
I'm one of those. No Ride into town to explore with my scooter and get my groceries from country. 20 mile trip could rent lease and drive robo taxi. Robo on robo off if its a lease. Lease 5 cars to start a robo taxi buissness.
Zero mention of BYD lol let's just pretend Chinese EVs are not competitors lol
Elons exact words if the USA doesn't put heavy tariffs on china car makers they will literally destroy every car company in America. This is why we need trump to punish china with tariffs like he did when he was president then Biden lifted all those tariffs giving china a free ride
th-cam.com/users/shortsLVB34HPJeSc?si=NFqH1ojyiK0g1MkG
Where can I buy one in the US?
@@my_RS4fisher,Volvo,polestar
all vaporware
Even a broken clock is right twice a day. Cathie really did retail investors dirty 😂😂😂
That's what they do 😂😂😂😂
@@user-rw311 she had them full tilt to 2k per share since last month 😮💨🫣🫣🤣🤣😂🤣😂
I used to think that too, but then Cathie wood called the bull market at the beginning of 2022 against all odds
Thank god ark invest doesn’t hold my money. They bought shed loads of Tesla a week or so ago 😂😂😂
Tsla was oversold and is even more oversold now. If you don't buy a good company when they go down you will not make money in the Stock Market. Someone once said buy low and sell high, but what does Warren Buffett know.
AND now they will buy more because they KNOW!
Im buying rivian
#tesla!❤
I have been holding TSLA since under $20. I have seen much worse. EV market slowdown is actually good for TSLA. If TSLA feels the pain, think about other EV makers. Also, TSLA will be the major players in AI, cloud, FSD, robotics, energy storage, services, etc. and analyzing TSLA as a car company is like calling AMZN as a book company in the early days. TSLA will be bigger than APPL or MSFT, whichever is bigger, within 5 to 7 years. Buy TSLA SLOWLY when everyone fears, hold for long term.
People need to stop buying into a company for the promises of tomorrow.
PUMP PUMP PUMP IT UP
Bloomberg good cop bad cop lol
Robotaxi coming right up.
Yeah sure
I want some of what the analysts at ARK Invest are smoking. $2000 Tesla stock price was a joke back then and they have been so wrong. They bought Tesla at $235-240 when it was pretty clear where Tesla was going as the problems were clear for 2024. Even super bulls Dan Ives and Adam Jonas have realized that their evaluation was completely blown out of proportion.
Seems just yesterday model 3 and Y came out still one of the best Screens apart from china cars
"Humans in general are pretty bad at predicting AI progress" -- says the person whose job is to hawk an AI fund...
Star Wars girl
am still wondering how Tesla can achieve any growth for 2024 deliveries given saturation by early adopters in the US, declining sales in CA and China - two major markets - and the wave of new models by other OEMS such as VW Hyundai BYD etc...
(in China, Tesla is already losing mkt share each month!)
And what is Tesla's counter offensive ?
A model 2 compact to be launched in 2h 2025 ??
A cybertruck with v limited utility and tiny market !
Tesla may well have NEGATIVE GROWTH IN DELIVERIES OVER 2024!
mark le post, to be discussed as qtrly stats for this year unfold...
Wall Street now believes Tesla needs an adult to runt the company. The stock is reflecting that sentiment, imo.
Tesla stock up 11,000% since IPO 😎
Thats what peoplr said on their last call ehich came to fruition well befotr they thought. Its a ling game
If Cathie can at least acknowledge the fact that Tesla constantly over-promises and under-delivers, that at least would make her look better with more creditability. The new bigger Tesla battery cells are producing less range for all models, their new 2024 cars have shorter ranges compared to 2023 models. Then, the Autopilot FSD is constantly postponed from one year to the next since promised to be "fully autonomous" by end of 2017. The promised timeline of new products also always get postponed, Cybertruck has been delayed for 4.5 years, Semis 4 years, Tesla Roadster 5 years; not to mention the over-promise of 500 plus miles of range for the Cybertruck, now is only 315 miles on paper and many new owners have tested the range of their Cybertrucks, which only gets between 180 miles and 250 miles in real world driving. Tesla has a history of over-promising and under-delivering. I don't know if Tesla should be one of seven magnificent stocks since all the other six magnificent stocks can delivery their promise; only Tesla cannot. Bummer. Cathie, open your eyes.
Elon should have 25% of Tesla.
He should have 0, so he can’t ruin lives by selling it.
Mee too the robo taxi will change the auto industry forever
Ark is still pumping $3000 target for Tesla. 🤦🏽♂️🤦🏽♂️
TSLA 2900$ in year 2030. Warren Redlich.
Tesla Energy will be bigger than Tesla Auto after year 2030
And Optimus will be even bigger! Book it!@@mikafiltenborg7572
@@mikafiltenborg7572ok buddy
That’s right Tasha lots of optimism as the stock is tanking robo taxi you can’t really believe that they have been talking about this forever wake up you are dreaming he is not capable of running a company not to worry you have a 5 year time frame get real
entire RV market is going down, and byd takes tsla share. do the math...
Tesla is not making RV’s. Maybe in the future but they need to make a small van first.
Optimus shipping next year? Robotaxis? Such obvious nonsense, how can you even believe that.
Tesla is an overhyped car company. Should be valued as one. $50 per share maximum.
RIP
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
I've wanted to start investing for a few months, but just haven't had the courage to start because the market has been down for most of last year. Please how can I reach out to your financial advisor and what are their services like?
Did you hear Morningstar just voted ARK Funds the World's 'Top Wealth Destroyer'
And after a continous series of disasters from Zoom, Coinbase, Roku Teladoc etc, guess what Cathie Wood is piling into now?
Tesla !
Is this the last roll of Russian Roulette she throws before the imminent mass client outflows.
It's patently clear that's in "ALL IN OR BUST" for Wood's ARKK on Tesla;
She is piling into her last hope - already the second largest holding in ARKK at year start.
BUT AS IT FALLS THIS YEAR SHE IS THROWING IN ALL HER FUND AMMO TO PROP IT UP!
You don't believe me? Here are her transactions on ARKK in this year to date, even as Tesla sh pr has fallen 24% this year alone, AS PROFIT AND REVENUE ESTIMATES ARE SHARPLY LOWERED!
She is on point
Not really she said similar things about 3d printing.
this analyst drank the cool aid or is just trying to help the share price. get real
Is she dating Musk?
Buy now at these bargain prices. Tesla isn't going away especially now that we see the ICE manufacturers can't get it done ........ meanwhile Tesla is so it'll one dominate the EV market which means the SP can only go up. Not right away but eventually.
clueless these people😂
Robo taxi are just smoke screen for the time being. Elon is working on the 5mill units a year compelling compact, or rather hatchback at the size of a Corolla, but at the half prize, aporty like a Model 3 and as fast as a porsche 911 Targa. Robotaxi is a niche product like cybertruck, and is expected to be real in 10 years, when FSD are fully reliable.
Tesla some day might be $3000, but I think that it will see the $100 price first within a month or Two.. Tesla investors better pray that the Fed cuts rates.. I dont see any other short term catalyst for tesla.. I will be loading up the truck at $100.. I want the "old" Elon back.. He is just not focused on Tsla anymore, just on his newbaby Twitter X....
Damn Tasha is backtracking and backtracking and backtracking….pushing out to 5 years now for FSD. Ugghhh
Tesla will be ford in the future, while BYD and NiO will be the new car for the masses, like Toyota 💪
True pumping Tesla stock loll
Tesla shot it's load it's a train wreak now 😂😂😂😂😂😂
This ARK guest has no clue 🤦🏻♂️
You do realize she was THE author of the 2014 ARK Invest TSLA thesis, where she accurately predicted Tesla's rise, including weird details about Wright's Law on batteries and mining commodities. They weren't just generally correct - they were extremely accurate, going into great detail that nobody else was even thinking about... and nailing it. She is probably one of the smartest analysts out there.
@@Dave-cf4vdinteresting 😮
@@Dave-cf4vd she’s lost a step
The sh*t is becoming harder to pump!
TSLA 2900$ in year 2030. Warren Redlich
@@mikafiltenborg7572 it`s going to $50
Warren is in the "humourous stock pumper class" Gotta give him that!@@mikafiltenborg7572
Optimus is not happening this year or next.. It is at least 5 years away from producing a robot that does house chores etc... probably 10 years..Elon is way to optimistic..
Elon lies non stop
Still waiting on that semi truck Revolution
Good. Keep believing the bear case is $1400. Dump all your money into Tesla. I will laugh when ARKK starts trading at pennies.
This lady is being disingenuous, or she just doesn't know what she is talking about.
Waymo has proprietary technology that allows human drivers to remotely control the vehicles whenever the computers need help. So, her repeated use of Waymo as "proof" that Tesla's robo-taxis will work is just a lie.
broken record
OMG. Another snake oil saleswoman. Ha😂
🚗
MAYBE ELON SHOULD MAKE A
(SILENCED)AIR-POWERED/ELECTRIC HYBRID VEHICLE OR VEHICLES.
👾👽🤖🛸🚀
I’ll let Tesla bulls test drive FSD and robo taxis (assuming Uber + taxi companies don’t lobby against it).
Uber already has a partnership with Waymo in Phoenix. Smart play by Waymo - Uber has millions of app users
FSD dont and will never work , just a lie to pump and dump that fraud stock
Gas car companies would’ve lobby against it from making an electric cars. Look what we have now. Taxi companies could benefit from robo taxis. Cheaper to pay for robot labor thah human labor
Cute, a non technology person talking about complex technology. Tesla decided to move to a „just cameras“ setup. Nobody other than Tesla will know how much of the existing data is helpful for the new models not to mention worries about heavy rain and snow situations. And so far Tesla doesn’t have a Level 3 certification in a non-biased country, but other companies have. How that allows qualifying as being far ahead is a worry. Personally I would focus much more on the architecture, the quality of the local computing chips in the car, their power consumption and how much data is being sent to a cloud server.
I hear ya Dr!
She also conflates Dojo simulation to LiDAR sensor arrays, so bad.
Watch FSDv12 videos uploaded by channel Whole Mars Catalogue. He upload both unedited and edited versions of many. FSDv12 looks very, very good.
Tesla (EV) manufacturing will be spearheaded by EV itself; These companies cannot sell EV cars. Who would be inclined to purchase EVs even at half the price? The more companies produce EVs, the more money they lose.
BS
Girlfriend needs a makeover
I think HER girlfriend disagrees 😂
2:09 'Humans in general are pretty bad at predicting AI progress'. Says the person whose livelihood is based on concocting fantastical tales of a magical AI future to bilk easily dupable retail marks. By any honest appraisal, ARK has been wildly wrong about pretty much all of their Tesla predictions, including creating fictitious biz lines like 'ride sharing' as a major revenue driver. How can you have an honest conversation with this 'analyst' about how she is so bullish on robotaxis without pointing out her abysmal track record - she has been saying robotaxis are around the corner for more than 5 years now! Why on earth would any thinking person take her seriously given how wrong she has been?
Buy TSLA in 2025.
Oooof! Tesla is a car company after all. Best to stay in index funds like JB has said.
@@donalddick2497 which is the majority of retail investors.
Ark experts = Full of crap
This lady is in a cult.
The "$25k next gen vehicle" will only quicken Tesla's demise. The EV race is a race to the bottom.
Tesla model Y was the Best selling carmodel on planet Earth in year 2023
Oh and have you driven a Model Y? Amazing car.
Tell me you live in the US without telling me you live in the US.
@@mikafiltenborg7572 We don't actually know that. Tesla does not report sales. They only report deliveries.
@@roblovegreen I have driven a Model Y. Its about as far away as you can get from an "amazing car" as you can get.
Tasha is so beautiful
this is all BS , Tesla stock to $50