On July 17th, Caixin News (editor Liu Rui) reported that Cathie Wood, the head of the US Ark Investment Management Company nicknamed the 'Lumberjack,' said in an interview on Tuesday that with the gradual rollout of its business, Robotaxi, its stock price is expected to rise by about 10 times.$Tesla (TSLA.US)$With the gradual launch of its Robotaxi business, it will drive its stock price to increase by about 10 times.

Three years ago, "Wood Sister" made a fortune by investing heavily in Tesla and became famous in Wall Street. Now, she once again publicly praises Tesla, believing that Tesla will leverage its Robotaxi business to transform from a "simple electric car manufacturer" and obtain huge profits in the autonomous driving taxi business.

"Autonomous driving taxi business is the largest AI project."

Wood expects that the autonomous driving taxi ecosystem will be a global opportunity with an income potential of 8 trillion to 10 trillion USD. Tesla is expected to become the industry leader.

"The autonomous driving taxi platform is currently the largest artificial intelligence project," she said, adding that Ark's valuation of Tesla is mainly based on its autonomous driving potential, "If we are right, this stock has a long way to go."

Wood said that the business model of the autonomous driving taxi network is very different from the "one-time transaction" model of automobile manufacturing and sales: autonomous driving taxis will be a "winner-takes-all" industry, and those who can transport passengers in the safest and fastest way will gain the largest share of the business.

At the same time, autonomous driving taxi network providers will be able to obtain 30% to 50% of the revenue generated by the fleet on their platform, thereby obtaining "explosive cash flow of recurring revenue" and a profit margin of over 50%.

"Wood Sister" also boldly predicts that as autonomous driving technology gradually becomes popular in the transportation industry, autonomous driving trucks may weaken the pricing competitiveness of the railroad industry. She added that Warren Buffett's favored railway system may be impacted.

Tesla will achieve business transformation.

On April 22, due to the slowdown of global electric vehicle sales, Tesla's stock price had cumulatively fallen nearly 43% so far this year. Although Tesla's stock price has rebounded significantly in the past two months, wiping out most of the year's losses, its performance still lags behind the other six of the "Big Seven".

But in the eyes of "Wood Sister", Robotaxi will make Tesla's stock skyrocket because she expects Tesla to lead the US market in the autonomous driving taxi business.

"Wood Sister" revealed that her innovative ETF managed to profit from Tesla's recent surge, but she expects the stock price to continue to rise because she believes that Tesla will share more information about its autonomous driving taxi project.

Although Musk has admitted on Twitter that Tesla will postpone the release of Robotaxi, and this news has caused Tesla's stock price to fall recently, "Wood Sister" is not worried.

"We may be getting closer and closer to the opportunity of Robotaxi, rather than farther and farther away," she said. Musk "wants to show us something more amazing than what we saw on August 8. He believes he might be able to do that by October."

Wood has been optimistic about Tesla for a long time. In her Ark Innovation ETF, Tesla is the largest holding stock. The fund has lost nearly 9% this year, and its assets have shrunk by about a third due to a large number of investors' redemptions. In contrast, the S&P 500 index has risen by about 18% this year.

Editor / jayden