The 'female stock god' continues to praise Tesla!
According to the latest news, well-known investor Casey Wood, known as the "female stock god" of Wall Street, once again praises Tesla in a high-profile manner. She said that Tesla's entry into the more profitable autonomous taxi platform business will drive its stock price up about 10 times.
Recently, the concept of intelligent driving has become a hot topic in the secondary market, and Tesla's stock price has risen for 11 consecutive trading days, completely recovering from the decline since the beginning of the year. As of now, Tesla's market value is $818.2 billion. Musk's net worth has also significantly increased, with a net worth of $254.5 billion on Forbes' real-time billionaire list, firmly occupying the top position in the world.
At the same time, there has been an increase in news between Musk and Trump. Recently, The Wall Street Journal reported that Musk plans to donate approximately $45 million per month to organizations supporting former US President Trump's campaign. Musk himself has also provided a recent response to this.
Can Tesla still increase by 10 times?
Casey Wood was once known as the "female version of Buffett", and most of the funds in her Ark Fund series are biased towards industries that make investors willing to pay higher valuations in anticipation of explosive growth in the future. In 2020, Casey Wood became the top fund manager on Wall Street by heavily investing in Tesla. At its peak, Casey Wood's Ark Investments managed assets worth over $60 billion. However, in recent years, the management scale of Ark Investment has shrunk significantly.
For a long time, "Wood Sister" Casey Wood has been firmly optimistic about Tesla. In April of this year, she stated that due to Tesla's dominant position in autonomous driving and robotics projects, she remains firmly optimistic about the long-term prospects of this electric vehicle manufacturer.
On Tuesday (July 16th) local time, Casey Wood once again loudly praised Tesla in a media interview. She said that as Tesla enters the more profitable autonomous taxi platform business, it will drive its stock price up about 10 times. Casey Wood describes the autonomous taxi ecosystem as a "$8 trillion to $10 trillion global revenue opportunity," with platform providers such as Tesla accounting for half of it.
According to Bloomberg, Casey Wood stated that investors are shifting from purely viewing Tesla as an electric car manufacturer to pricing the potential of autonomous taxis. She said, "The autonomous taxi platform is currently the largest artificial intelligence project," and added, "Ark's valuation of Tesla is mainly based on its autonomous driving potential. If we are right, Tesla's stock still has a long way to go
Casey Wood said that autonomous taxis will be a "winner takes all" industry, and suppliers who can transport passengers from point A to point B in the safest and fastest way will gain the largest business share. She added that providers of autonomous taxi networks will be able to receive a 30% to 50% share of the revenue generated by fleet owners on their platforms, making them "regular income with explosive cash flow" and a profit margin of over 50%. This is very different from the business model of "one hit buy and sell" car manufacturing and sales. Casey Wood said she expects Tesla to lead the US market.
Casey Wood revealed that recently, with Tesla's stock price rebounding, the Ark Investment she manages has gained some profits from Tesla, but she expects the stock price to continue to rise because she believes Tesla will soon share more information about its autonomous taxi project. In her Ark Innovation ETF, Tesla is the largest holding stock with a market value of $985 million and a high holding ratio of 14.91%.
Last week, Tesla postponed the release of its autonomous taxi Robotaxi by two months, causing a significant drop in Tesla's stock price, but Casey Wood is not worried. She said, "We may be getting closer to the opportunity of Robotaxi, not further away." Musk "wants to show us something more amazing than what we saw on August 8th. He believes that we may be able to do it by October
Tesla has not yet obtained regulatory approval to put its autonomous vehicles on the road, and its vehicles are still unable to operate safely without continuous human supervision. However, many investors believe that it will ultimately bring this technology to the market and boost the stock price in Musk's increasingly bullish statements.
In addition to being optimistic about Tesla's autonomous driving, Casey Wood is also optimistic about Tesla's humanoid robot project. Casey Wood previously stated that through the Optimus humanoid robot project, Tesla will also become one of the leaders in the field of humanoid robots. Many jobs in automobile factories require flexible handling of bolts and nuts, which robots are currently unable to achieve. But when they are ready, humanoid robots can help car factories scale up faster.
It is worth noting that after the massive layoffs, Tesla has started recruiting again. On July 16th, it was reported that Tesla plans to hire nearly 800 new employees, just three months after Musk announced the largest round of layoffs in the company's history.
According to analysis, job positions have been constantly appearing on Tesla's recruitment page in recent weeks, ranging from artificial intelligence experts to more general service positions. According to reports, many job vacancies that Tesla is looking for are focused on artificial intelligence and robotics technology for its products. At least 25 positions are related to autonomous driving development, and at least 30 positions focus on the humanoid robot Optimus.
Musk donates to Trump?
Recently, The Wall Street Journal reported that American entrepreneur Elon Musk plans to donate approximately $45 million per month to organizations supporting former US President Trump's campaign.
According to reports, insiders have revealed that Musk has stated that he plans to donate approximately $45 million per month to a political action committee supporting Trump's presidential campaign to assist him in taking office. The Wall Street Journal also referred to the committee as the "United States Political Action Committee". The report states that Musk's planned injection of funds can help Trump establish a fundraising advantage over Biden.
The Wall Street Journal shared the link to this report on social platform X on July 16th, and Musk later posted a picture in the comments section with the caption "Fake Bull Antelope". Sky News reported that Musk "seems to deny" the Wall Street Journal's report.
On July 15th local time, at the Republican National Convention in Milwaukee, Wisconsin, a Republican representative announced that Trump would run as the Republican presidential candidate in this year's US presidential election. Subsequently, at the Republican National Convention, former US President Trump received enough Republican delegate votes to be officially nominated as the party's presidential candidate for the 2024 election.
After defeating Hillary Clinton in 2016 and current President Biden in 2020, this will be the third time that the 78 year old Trump has represented the Republican Party in the US presidential election. On July 15th, Trump announced at the Republican National Convention in Milwaukee, Wisconsin that Ohio Senator J.D. Vance would run as his vice presidential candidate in the 2024 presidential election. James David Vance was born on August 2, 1984 in Middletown, Ohio. He served in the United States Marine Corps, is a writer and venture capitalist, and was elected as a Republican United States Senator in 2022.