div > div.group > p:first-child"> The ETF, ARKK, which targets stocks with disruptive technologies, has surged 24 percent in 2019, more than double the 11 percent return on the S&P 500.
"This is a five-year time horizon," Wood said on CNBC's"ETF Edge" on Monday."Four-thousand dollars is the bull case, $700 is the bear case. It's rare for us to a have a stock that meets our minimum hurdle rate of return in the bear case, so it's north of 15 percent compound annual rate of return to get to our bear case target."
Tesla is"scaling the electric vehicle market," said Wood."We think the electric vehicle sales in 2023 will be in total globally 26 million units, up from 1.3 million last year, so that's a 20-fold increase. We're talking about exponential growth." "But, that's not the big story for Tesla. The big story is autonomous taxi platforms. We're moving from a hardware-centric, low gross margin model which is 25, 30 percent to a transportation-as-a-service model. They'll get a piece of every ride taken because they'll own the platform that these fleet operators will be riding on, and that's more of an 80 percent gross margin business," Wood said.
take THAT you evil $TSLA shorts !
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