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Cathie Wood, Ark Invest CEO, joins 'Closing Bell: Overtime' to discuss her top holding in Ark Innovation Tesla after the company's shares tumble after reporting its earnings.

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Ark Invest CEO Cathie Wood has a $2,000 price target for Tesla in 2027 - YouTube

Tesla's Kathy Woods top holding in her Arc Innovation fund her Flagship fund and Kathy Wood joins us now exclusively Kathy it's so great to have you on the show thanks for being with us thank you Morgan happy to be here so much to discuss with you but I do want to start with Tesla uh your reaction to those results we did get yesterday and specifically the fact that the operating margin dropped pretty dramatically to 11.
4 percent certainly in focus for trading today does this change your outlook or your thesis around Tesla uh not at all in fact curiously um we want Tesla to scale its units uh because each one of them now represents the potential for a robo taxi and a robo-taxi fleet now Elon says it's possible that he could launch that Fleet this year we think it's it's more like last year but the robo taxi Fleet is is really going to be or the robo taxi service is going to be um uh from a margin point of view more like a SAS business uh and so we think that that is very smart to maximize units uh because they have so much option value now yeah I mean but but we've been hearing about the robo taxi Fleet for some time there's a lot of regulatory barriers to all of that and certainly technological barriers involved too so how soon can we actually see that realized and given the fact that you tweeted earlier today that you've got a a new valuation assessment of Tesla coming out how does that how does that fit into your price target for the stock going forward
uh well uh the price target for our stock and I think it's just hitting now for 2027 because we do have a five-year investment time Horizon is uh our expected value is roughly uh two thousand dollars and that's within a range of 14 to 25 hundred dollars our bear and uh and bull case now just Morgan on the regulatory side I actually think regulations are working in Tesla's favor uh for I think roughly three decades the number of Auto fatalities in the United States fell fell to the low 30 000 range per
year and they've turned around in the last five years and moved up to 45 000 plus and I think the pressure is on the national highway and Transportation safety Association to change something so it is looking carefully at Tesla's data and in and during investor day Tesla released some data that we don't think many people paid enough attention to the most important one is that wolf with full self-driving a Tesla vehicle gets into an accident every uh 3.
2 million miles and that compares to one every 500 000 miles for the average car on the road okay so Kathy good afternoon it's John Ford I just want to clarify did you say a two thousand dollar per share price Target Tesla right now is under 200 a share so even if you were to 10x that that would be an over five trillion dollar market cap is that what you're saying that is what we're saying uh we think that the robo taxi opportunity globally uh will um deliver eight to ten trillion dollars in Revenue by 2030 and uh is one of the
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