Is there no circus in which Elon Musk does not want to perform?
Just when you thought the lead-up to the US election couldn’t get crazier, Elon Musk has reportedly entered the fray, pledging up to $US180 million to support Donald Trump’s candidacy.Elon Musk supports Donald Trump and escalates culture wars.
In the 2022 calendar year, Tesla’s shares fell 68 per cent – enough to test the nerve and commitment of any investor. Sadly for Wood and Musk, Tesla didn’t miss out on the big fall those stocks experienced in the US on Wednesday. Its share price fell more than 3 per cent.Many investors jumped off the Tesla investment train, believing its first mover advantage in electric vehicles had narrowed to marginal.
Ark is well known as a fund that sits way out on the other reaches of the risk curve, and Wood’s faith that Tesla’s massive upside sits with autonomous taxis should surprise no one.And her latest message is that the autonomous taxi ecosystem is an $US8 trillion to $US10 trillion global revenue opportunity. Yes, that is trillion, not billion.
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