“We believe Tesla’s ‘gap-to-competition’ can potentially widen, particularly as EV prices pivot from inflationary to deflationary,” he wrote. “With respect to the (inflation reduction act) we believe Tesla is by far the best positioned OEM in terms of potential eligibility for consumer tax and production credits.”
Meanwhile, Cathie Wood said in an interview with Bloomberg TV on Tuesday; she reiterated her optimism.
“Many people say, ‘aren’t you worried about Tesla?’ No we’re not because of our work on electric vehicles. They are grabbing at a disproportionate share and will continue to do so of a market that we think, by 2027, will account for 85% to 95% of all cars sold in the world. That’s on automatic pilot. He’s [Elon Musk] now working on autonomous which we think is going to work.”
“We think Tesla is going to do it [autonomous] in a much bigger way.”
