Hey, institutional investors! Time to catch up on the real #Tesla story. Thank you @elonmusk for spending time with @TashaARK and me. Truth will win out! https://t.co/XcJAXVe9K7 pic.twitter.com/wCLZC7LGDg— Cathie Wood (@CathieDWood) February 19, 2019
Working myself in the automotive supplier industry (as an owner: 10 factories, 3,000 employees, all in China), I can say for 100% sure that most of these investors don’t understand 1 fkn thing about engineering. Ark invest. This guy. Most others. Embarrassingly clueless.— Tobias van Gils (@tobiasvangils) September 9, 2019
Great research @skorusARK on Wright’s Law in the auto industry since its inception, & now $TSLA. This piece explains how a cumulative doubling of units produced with a new technology can enable a rapid drop in prices AND/OR a rapid rise in gross margins, key to our #Tesla model. https://t.co/mIslO9tPrV— Cathie Wood (@CathieDWood) September 12, 2019
With an 85% learning curve, the Model 3’s cost curve submits to Wright’s Law, as shown below. What else does Wright's Law show for #Tesla and the auto industry? $TSLA https://t.co/Aq3xn3uilr pic.twitter.com/t4FrvSnjYd— ARK Invest (@ARKInvest) September 6, 2019
The Porsche Taycan is pretty good, but it still trails the 7 year old Tesla Model S.— Sam Korus (@skorusARK) September 4, 2019
The Model S has almost 100 miles of extra range. And for the price of a Taycan, you can buy the flagship Model S and a performance Model 3.😳 pic.twitter.com/KVlqYVzAQd
1/ I recently tweeted about Wright’s Law and how Tesla should be able to lower Model 3 production costs by ~23% in roughly 1.5 years. @WallStCynic brought up a few points that will help people understand the robustness of Wright’s Law— Sam Korus (@skorusARK) August 27, 2019
1/ In Q2 2019 Tesla reported an auto gross margin of 17.2% w/o regulatory credits.— Sam Korus (@skorusARK) August 8, 2019
By the end of 2020 Tesla could be making the Model 3 with a gross margin of over 30%.
No magic required, just Wright’s Law.
Wright’s Law also has helped us forecast how quickly the demand for #EVs would scale. Three years ago, the EIA and other forecasting agencies were expecting 200-300,000 EV sales in 2022. Last year, global EV sales were 1.45 million. https://t.co/MsVJ7NVAZq— Cathie Wood (@CathieDWood) August 9, 2019
Not a big believer of the narrative that Lyft and Uber are trying to paint that they are competing on brand. Will be interesting to see what Uber says on the call tonight.— Tasha Keeney (@TashaARK) August 8, 2019