The Truth about Electric Vehicle Adoption and Tesla Stock

🚗Kathy Wood believes that electric vehicles will continue to gain market share and dominate the automotive market in the next five years.

📈Tesla stock has experienced a pullback recently, but Wood remains bullish on the stock and sees it as a buying opportunity.

💰Tesla is the only company outside of China that is profitable in selling electric vehicles and has industry-leading profitability.

🤔Wood notes that there is a lot of negative sentiment and attacks on Tesla, but believes that they are unwarranted and driven by fear.

🔋Wood mentions Tesla's investment in the future, including aggressive investments in technology and the development of a robust charging network.

What is Kathy Wood's target price for Tesla stock?

—Kathy Wood's target price for Tesla stock is $2,000.

Does Kathy Wood believe in the future of electric vehicles?

—Yes, Kathy Wood believes that electric vehicles will continue to gain market share and dominate the automotive market in the next five years.

Is Tesla the only profitable company selling electric vehicles?

—Yes, Tesla is the only company outside of China that is profitable in selling electric vehicles.

Why does Kathy Wood remain bullish on Tesla stock despite negative sentiment?

—Kathy Wood believes that the negative sentiment and attacks on Tesla are driven by fear and are unwarranted. She sees the recent pullback in Tesla stock as a buying opportunity.

What investments has Tesla made for the future?

—Tesla has made aggressive investments in technology and the development of a robust charging network.

00:00Kathy Wood discusses the current state of electric vehicle adoption and the performance of Tesla stock.

03:36Wood believes that EVs will continue to gain market share and dominate the automotive market in the next five years.

05:49She remains bullish on Tesla stock and sees the recent pullback as a buying opportunity.

09:20Tesla is the only company outside of China that is profitable in selling electric vehicles.

10:50Wood believes that the negative sentiment and attacks on Tesla are driven by fear and are unwarranted.

13:20Tesla has made aggressive investments in technology and the development of a robust charging network.