Cathie Wood Has New Predictions for Tesla and Bitcoin Prices in 2030

Cathie Wood is not the one to play safe. The CEO of Ark Invest has built a reputation (and a name) for going big on tech and innovation

Cathie Wood is anything but one to play it safe. The CEO of Ark Invest has built a reputation—and a name—for going big on tech and innovation, frequently doubling down on predictions that raise eyebrows on Wall Street.

Her latest market predictions are bold, even by her own standards. By 2030, Cathie Wood predicts that Tesla shares will leap more than 7x higher to reach $2,600. Bitcoin, on the other hand, is on a path to an utterly breathtaking $700,000, and maybe even $1.5 million, according to the Ark Invest CEO.

With each prediction placing a brave wager on the destiny of automation and decentralized finance, investors can only put their faith in one of them and ask themselves, which one of them has a fair chance of truly getting off the ground?

Tesla to hit $2,600, a Fantasy or more?

Wood’s optimism for Tesla extends far beyond the electric vehicle business. She views the company developing into a SaaS giant fueled by its full self-driving technology and robotaxi network that she estimates has the potential to represent as much as 90% of the value of Tesla by the end of the decade.

Central to this vision is a bold rollout plan, in which the CEO Elon Musk reports a robotaxi unveiling planned for June, and he’s hoping to have a mass-market launch of Tesla’s humanoid robot, Optimus, in the next few years. “Scale Optimus up faster than any product, I think, in history, to get millions of units per year as soon as possible,” said Musk.

According to the last update in December, Musk said they’re planning to build a dedicated factory for Optimus in 2023 and they’re aiming for an annual production capacity of 1 million units by 2029.

Wood anticipates that Tesla’s FSD software will have 80% margins, a revolutionary figure compared to the automaker’s current margins of 15–20% from selling vehicles. If her estimate turns into a reality, Tesla might switch from being an automobile company into a subscription-based technology giant.

Bitcoin to reach $700K–$1.5M

Cathie Wood’s thesis on Bitcoin assets on its limited supply and increasing popularity as “digital gold”, an inflation hedge and a bet against fiscal uncertainty. With only slightly more than 1 million bitcoins remaining to be mined, she thinks that scarcity, combined with institutional investment, could drive the cryptocurrency into the sky.

And she’s not the only one to believe so.

“We have a million more coins, roughly, to be minted ever, and institutions are just testing the

We chatted with Cathie Wood on theCUBE at the ETH Zurich Impact Festival.

Last week, Ark Invest founder Cathie Wood appeared at the ETH Zurich Impact Festival, where she spoke with theCUBE's Marvelless Lee about her investment firm's role in the rapidly changing technological landscape.

Ark Invest has been a pioneer in investing in disruptive innovation, and Wood is a well-known figure in the investment world for her bold predictions and contrarian views.

One of Ark's key investment themes is the future of transportation, which is rapidly shifting towards electric, autonomous, and shared mobility solutions. Ark is an early investor in companies like Tesla, which is at the forefront of developing electric vehicles, autonomous driving technology, and robotaxis.

Another major investment theme for Ark is the future of food, which is facing increasing pressure from climate change, population growth, and the demand for more sustainable food production. Ark invests in companies that are developing cellular agriculture, plant-based meat alternatives, and other innovative food technologies. Among these companies is Impossible Foods, which is known for its plant-based burger patties that aim to provide a complete replacement for beef.

In addition to these two themes, Ark is also investing in other promising technologies, such as gene editing, which holds the potential to cure genetic diseases and revolutionize medicine. Ark is an investor in companies like Invitae, which provides genetic testing services for a variety of health conditions.

As an investment firm, Ark's goal is to generate strong returns for its investors while also making a positive impact on the world. The firm is committed to investing in companies that are creating new products and services that benefit society and solve pressing problems.

Ark's investment strategy is based on a long-term time horizon and a deep understanding of the technologies that are driving the future. The firm's analysts conduct extensive research and use a proprietary framework to identify and evaluate investment opportunities.

Ark Invest is a cutting-edge investment firm that is shaping the future of finance with its focus on exponential technologies and a time horizon of 50 to 100 years. This focus is evident in their investment themes, which include genomics, automation