• Tesla-Price-Target-ARKInvest

    Tesla’s Potential Trajectory During the Next Five Years

    by | Industrial
    Mentioned Companies: TSLA

    In August 2018, ARK published an open letter with an extract of our TSLA valuation model communicating why we believed taking Tesla private at $420 per share would deprive shareholders of significant returns. Since then ARK has updated its TSLA valuation regularly. Based on new research, we are sharing our latest model to clarify what […]

  • Market-Update-Banner-September

    September mARKet Update Webinar

    by | Market Insights Webinar

    September mARKet update Spotlight: Growth vs. Value, Bonds vs. Stocks, Porsche’s Taycan, & Batteries.   ‘mARKet update’ | What We Discovered This Month We invite you to join our 30-minute monthly webinar series presented by ARK’s Chief Investment Officer, Catherine D. Wood, and her teams of thematic analysts. The webinar offers a Q&A-based discussion on […]

  • Gross-Margin-Blog-Banner

    Wright’s Law Predicted 109 Years of Auto Production Costs, and Now Tesla’s

    by | Industrial
    Mentioned Companies: F, TSLA

    We believe that key to Tesla’s viability and value is the gross margin of the Model 3. In the second quarter, Tesla reported auto gross margins of 17.2% excluding regulatory credits.1 Many bears believe that Tesla is in dire straits: Tesla is unprofitable and can’t support higher car prices without killing demand. Analysts have excoriated […]

  • battery-sustainable-future-banner

    The Battery Is Key to a Sustainable Future

    by | Industrial

    While technology stocks typically make up the top holdings of environmental, social, and governance (ESG) focused funds, does technology really enable a sustainable future? Electricity and the internal combustion engine are two of the most transformative technologies in the last few centuries, but they also are two of the greatest sources of greenhouse gas emissions. […]

  • Market-Update-Banner-July

    July mARKet Update Webinar

    by | Market Insights Webinar

    July mARKet update Spotlight: Facebook’s Libra Cryptocurrency and Electric Vehicles.   ‘mARKet update’ | What We Discovered This Month We invite you to join our 30-minute monthly webinar series presented by ARK’s Chief Investment Officer, Catherine D. Wood, and her teams of thematic analysts. The webinar offers a Q&A-based discussion on recent market developments, macro economics, […]

  • ARK Boring Company Banner

    The Boring Company Could Undercut the Costs of Other Mass Market Transportation Proposals

    by | Industrial
    Mentioned Companies: TSLA

    ARK is forecasting that autonomous vehicles will increase traffic congestion dramatically, but Elon Musk aims to alleviate this potential problem with his Boring Company. The Boring Company proposes to build tunnels underneath cities that will allow electric cars to travel at speeds of more than 100 miles per hour. Unlike traditional tunnel projects that take […]

  • Tesla Valuation

    Tesla Valuation Model: Are Investors Stuck in Reverse?

    by | Industrial
    Mentioned Companies: TSLA

    This piece was updated on June 28, 2019 from its original version to reflect changes in the open source Github model. The Github documentation details specific changes made, which include minor corrections and updates to our line item assumptions. Our long-term view on Tesla remains unchanged.   Last August, we wrote an open letter to Elon Musk […]

  • Blog-Banner-Template-Model-3-vs-Camry

    The Model 3 Is Cheaper to Own Than a Toyota Camry

    by | Industrial

    The long-range Model 3’s sticker price is $44,500, roughly 85% higher than that of a Toyota Camry; yet, ARK’s research shows that the Model 3 could be the better deal over a three-year period. Early this year, Kelley Blue Book (KBB) published its Best Resale Value Awards for 2019. According to KBB,1 over a three-year […]

  • elon-musk-podcast-banner

    Takeaways from Our Recent Podcast with Elon Musk

    by | Industrial
    Mentioned Companies: GM, NVDA, TSLA

    On February 13th, we sat down with Elon Musk in Fremont, California for an episode of our FYI – For Your Innovation podcast. We discussed Elon’s estimates for the global electric vehicle (EV) market, Tesla’s autonomous strategy, misperceptions about Tesla’s strategy, and Tesla’s willingness to open its platform to other automakers. Here are some of […]

  • elon musk, podcast elon musk, tesla ark, elon musk podcast guest, elon musk ark invest, ark elon musk

    On the Road to Full Autonomy With Elon Musk

    by | Podcast

    Today we are thrilled to be in Fremont, CA with Tesla CEO Elon Musk. In this episode Tasha Keeney, Analyst at ARK Invest and Cathie Wood, Founder, CEO, and CIO at ARK Invest chat with Elon about the future of Tesla and autonomous driving. The podcast conversation kicks off by sizing the upcoming boom in […]

  • February mARKet Update Webinar

    by | Market Insights Webinar

    February mARKet update Spotlight: Mobile Payments, Maxwell Technologies, Bitcoin’s Lightning Network, & Spotify   ‘mARKet update’ | What We Discovered This Month We invite you to join our 30-minute monthly webinar series presented by ARK’s Chief Investment Officer, Catherine D. Wood, and her teams of thematic analysts. The webinar offers a Q&A-based discussion on recent […]

  • Wright's-Law-Banner

    Moore’s Law Isn’t Dead: It’s Wrong – Long Live Wright’s Law

    by | Market Insights

    Yes, the most famous technology forecast of all time—Gordon Moore’s prediction that the number of transistors on a chip would double every two years—confuses why and how technology costs decline. It focuses on the wrong variable: time. When he wrote “every two years” in forecasting the doubling of transistor density and consequent halving of computation […]

  • micromobility, future of transportation, fyi podcast, ark podcast

    Micromobility and the Future of Transportation with Horace Dediu

    by | Podcast

    In this episode of the For Your Innovation Podcast, we chat with Horace Dediu of Asymco about his ideas on micromobility. With the unpredictable and burgeoning market that Horace is immersed in and fascinated by, there is so much to unpack and discuss in terms of possibilities and implications. This discussion offers a large array […]

  • Tesla Resembles Apple ARK Invest

    Tesla Through the Lens of Apple

    by | Digital Industrial
    Mentioned Companies: AAPL, F, GM, GOOG, SSNLF, TCEHY, TSLA, VWAGY

    From 2007 to 2018, Apple’s revenue and market capitalization grew roughly tenfold1—making it the most celebrated technology growth story of the 21st century. Apple’s growth was fueled by the most productive period in the company’s history with the release of the iPhone, iPad, Apple Watch, and App Store—each generating sales on par with a Fortune 500 […]

  • tesla-autonomous-opportunity-banner

    Tesla’s Autonomous Opportunity is Severely Underappreciated

    by | Industrial
    Mentioned Companies: BIDU, GM, GOOG, NVDA, TSLA

    ARK believes that analysts may be overlooking Tesla’s largest addressable market – autonomous mobility-as-a-service (MaaS). During its earnings call last week, Tesla introduced its Autopilot team for the first time as speakers during the prepared remarks. Based on the information presented by the Autopilot team on the performance characteristics of its in-house chip, we believe […]

  • July market update

    July mARKet Update Webinar

    by | Market Insights Webinar

    July mARKet update Spotlight: Autonomous Delivery Robots and The Changing Landscape for Semiconductors.   ‘mARKet update’ | What We Discovered This Month We invite you to join our 30-minute monthly webinar series presented by ARK’s Chief Investment Officer, Catherine D. Wood, and her teams of thematic analysts. The webinar offers a Q&A-based discussion on recent […]

  • Cobalt Banner

    Cobalt Won’t Slow Down EV Adoption

    by | Industrial
    Mentioned Companies: GM, TSLA

    In the past two years cobalt prices have more than tripled from roughly $25,000 per metric ton to more than $79,0001 in response to supply constraints anticipated as electric vehicles (EVs) continue to gain traction. In 2017, the Congo accounted for 58% of global cobalt production, explaining the fear that geopolitical instability will cause shortages. […]

  • ark disrupt, market update, ark invest, market review, CRISPR, innovation

    June mARKet Update Webinar

    by | Market Insights Webinar

    June mARKet update Spotlight: Market Review, macroeconomic headwinds, CRISPR, autonomous vehicles   ‘mARKet update’ | What We Discovered This Month We invite you to join our 30-minute monthly webinar series presented by ARK’s Chief Investment Officer, Catherine D. Wood, and her teams of thematic analysts. The webinar offers a Q&A-based discussion on recent market developments, […]

  • ark-disrupt-issue-124-banner

    May mARKet Update Webinar

    by | Market Insights Webinar
    Mentioned Companies: AMZN, CRM, GOOG, MSFT, NTLA, SSYS, TSLA

    May mARKet update Spotlight: Market Review, the yield curve, and companies investing in the future.   ‘mARKet update’ | What We Discovered This Month We invite you to join our 30-minute monthly webinar series presented by ARK’s Chief Investment Officer, Catherine D. Wood, and her teams of thematic analysts. The webinar offers a Q&A-based discussion […]

  • ev-forecast-banner

    Auto Capital Spending Suggests That EV Forecasts Are Much Too Low

    by | Industrial
    Mentioned Companies: F, TSLA

    ARK’s research shows that for the past three years, electric vehicle (EV) forecasts have increased significantly, with a consensus forming recently around four million units for 2022. According to ARK’s research, global EV sales will be more than four times higher than expected, or roughly 17 million units. When ARK first forecast 17 million units […]

  • electric-passenger-drones-banner

    Air Taxis Are On The Way

    by | Industrial
    Mentioned Companies: BA, EADSY, TSLA

    “We wanted flying cars, instead we got 140 characters,” said Peter Thiel in 2013.1 Five years later, we have twice as many characters per tweet, but no flying cars. In our view, a vehicle for both the road and the air will never see the light of day. In fewer than five years, however, personal […]

  • autonomous Mobility-as-a-Service, MaaS, ARK invest, autonomous cars, autonomous vehicles, ark research, video

    The Future of Transport is Autonomous Mobility-as-a-Service

    by | Industrial
    Mentioned Companies: BABA, BIDU, GM, GOOG, SFTBY, TCEHY, TM, TSLA

    The future of transport is autonomous Mobility-as-a-Service (MaaS). Spanning from personal MaaS, where autonomous taxi platforms will make point to point travel cheaper, more convenient, and even safer to Logistics-as-a-Service – where autonomous electric trucks and drones will deliver goods for a fraction of today’s cost. Watch our video below to hear ARK Industrial Innovation Analyst, […]

  • autonomous trucks, autonomous electric trucks, electric vehicles, ark innovation research

    Autonomous Electric Trucks Could Disrupt Rail and Transform Logistics

    by | Industrial
    Mentioned Companies: GOOG, PCAR, TSLA, VOLVY

    The auto industry is undergoing a dramatic transformation as a result of two technological innovations: the electric drivetrain and autonomous technology. Not only should these innovations supplant the internal combustion engine and relieve passengers of all front-seat driving responsibilities, but they also likely will transform the delivery of goods and services. ARK expects autonomous electric […]

  • electric vehicle future, electric vehicle white paper, ev research, electric vehicle research, sam korus, ark white paper, innovation white paper, electric cars white paper

    The Future of Autos and Trucks Is Electric

    by | Industrial White Paper

    This is an executive summary of ARK Invest’s electric vehicles white paper: The Future of Autos and Trucks Is Electric ARK Expects Global EV Sales To Exceed Current Forecasts, Substantially ARK expects global sales of Electric Vehicles (EVs) to reach 17 million units by 2022, while agencies like the EIA are forecasting only two to four […]

  • Autonomous Electric Trucks , Autonomous Trucks, Autonomous EV Trucks

    Why Autonomous Electric Trucks Are The Future Of Shipping

    by | Industrial

    US truck shipments compromise a $180 billion industry and cost roughly 12 cents per ton-mile today. As automakers are waking up to the realization that electric, autonomous drivetrains are the future of passenger vehicles, ARK’s research shows that commercial trucks will follow in line. Converting diesel trucks into electric vehicles will reduce operating costs, thanks to […]

  • EV sales, electric vehicle sales, ark research

    Electric Vehicle Sales Forecasts Are Taking Off

    by | Industrial
    Mentioned Companies: TSLA

    Two respected energy forecasting agencies revised their Electric Vehicle (EV) expectations up by an order of magnitude and still, according to ARK’s research, they are missing the mark by a long shot. Despite a strong year for traditional SUV and truck sales, both OPEC and the Energy Information Administration (EIA) increased their annual EV sales […]

  • ev batteries value, tesla, ark invest, bmw, research, innovation research

    Residual Value: Electric Batteries vs. Internal Combustion Engine Vehicles

    by | Industrial
    Mentioned Companies: BMW, TSLA

    One of the chief concerns about Electric Vehicles (EVs) – battery degradation – seems to be misplaced: ARK’s research suggests that EV batteries will retain substantial value after reaching the end of their in-vehicle lives. Utilities are in constant demand for energy storage products. In fact, if electric utilities were to pay $15,000 per battery, […]

  • disruptive innovation research, oil peak, peak oil research, electric vehicle, ark invest, innovation research

    Will Global Oil Demand Peak Before 2020?

    by | Industrial
    Mentioned Companies: BMW, BP, NSANY, TSLA

    If current trends in the advancement of electric vehicle (EV) drivetrains and autonomous technology continue, oil demand could peak before the end of the decade. ARK’s research indicates that battery system costs will drop significantly, driving EV demand to levels that far exceed policymakers’ expectations. In addition, Uber-like autonomous taxi services will lower the price of […]

  • Electric Vehicles, Tesla, ARK Research, Parity Point

    2022: The Year Electric Vehicles Leave Gas Cars in the Dust

    by | Industrial

    UPDATE: This article has been updated as of October 17, 2016. The automotive industry is approaching a profound inflection point: by 2022 the demand for electric vehicles1 (EVs) will begin to outpace that for gasoline powered cars. As the cost of lithium-ion cells falls faster than most analysts have anticipated and the cost to manufacture traditional […]

  • Tesla Model 3

    Could the Tesla Model 3 Become the Cheapest Car on the Road?

    by | Industrial
    Mentioned Companies: TSLA

    ARK believes the advent of autonomous electric vehicles will change the economics of car ownership as we know it. For instance, if the Tesla Model 3 debuts with fully autonomous capability, it will effectively become the most affordable car on the road. The last section of Elon Musk’s Second Master Plan reads, “You will also […]

  • Tesla production efficiency, tesla production, tesla step function, tesla innovation, ark research

    Tesla’s Production Efficiency: The Next Moving Assembly Line

    by | Industrial
    Mentioned Companies: BMW, TM, TSLA

    Henry Ford revolutionized the transportation industry when he introduced the moving assembly line into his factories. It wasn’t the introduction of a new car, but the increase in production efficiency that changed the industry dynamics. It seems unimaginable that vehicle production efficiency has barely improved in the last 100 years. Because of the stasis in […]

  • SQM Lithium Mine

    The Abundance of Lithium

    by | Industrial
    Mentioned Companies: ALB, BP, FMC, ORE, SQM

    Despite speculation to the contrary, lithium resource constraints are unlikely to short circuit accelerating electric vehicle (EV) sales. ARK believes global lithium reserves[1] will continue to grow even as lithium production rises to meet EV demand. Lithium mining companies with low-cost resources stand to benefit as new higher cost supply comes on line. During the […]

  • tesla, tesla battery technology, battery system, battery research, battery technology comparison, battery system review, tesla, ark research, innovation research, invest in innovation

    Lithium-ion Battery Showdown; Is Tesla About To Be Overpowered?

    by | Industrial
    Mentioned Companies: BMW, GM, TSLA

    Will Tesla’s devotion to last decade’s battery system technology undermine its competitive advantage over the latter half of this decade? At first glance: Yes! On further reflection: No! While a simple analysis of the relative price declines of the two major battery form-factors—cylindrical and pouch—would suggest that the likes of General Motors and BMW will produce electric […]

  • automotive consolidation, consolidation automotive industry, evs, ark research, electric vehicles, innovation research, industrial innovation

    The Automotive Industry Is On The Threshold of Massive Consolidation

    by | Industrial
    Mentioned Companies: F, FCAU, TSLA

    In 1913 Henry Ford installed the first moving assembly line for the Model T. Moving at six feet per minute, it reduced the time to build a car from more than 12 hours to one and a half. While impressive, the increased rate of production was not the most important impact. We think the moving […]

  • supercharging, tesla, charging stations, electric vehicles, EVs, gas prices, oil, ark, ark investment management, ARKQ, ARKindu, industrial innovation,

    Update | Supercharger: A Charge Could Cost Half the Price of Gas

    by | Industrial
    Mentioned Companies: CCGI, TSLA

    This article on ‘Tesla Supercharger’ has been updated as of July 11, 2016. Last week, Tesla announced that Model 3 owners will pay for access to superchargers, most likely in the form of an upgrade package offered with purchase of the vehicle. Before the release of the Model 3, most Tesla owners had free access to […]

  • Tesla Case Study, Tesla, disruptor, disruptive innovation, cars,

    Is Tesla A Real Disruptor? – An ARK Research Case Study

    by | Industrial
    Mentioned Companies: TSLA

    The ARK ecosystem was founded on the belief that transparent, collaborative, and interdisciplinary information flow will provide unique investment insights. A dedicated team of  Analysts and Portfolio Managers works closely with external Theme Developers1, who validate and support our theme-based research, to help us make better informed investment decisions. This Tesla case study shows the […]

  • Uber Uses Shared Autonomous Vehicles, shared autonomous vehicles, ARK Research, SAV, Uber, Industrial Innovation

    What If Uber Were To Adopt Shared Autonomous Vehicles (SAVs)?

    by | Industrial
    Mentioned Companies: CAR, GM, TSLA

    If Uber uses shared autonomous vehicles (SAVs), it could charge as little as $0.35 per mile1, much less than the $0.70 per mile that individuals pay, both directly and indirectly, to drive their own cars today. While individual car ownership will not disappear entirely, it is likely to fall precipitously shorter term in the sharing economy thanks to […]

  • Battery Pack System, Tesla, lithium-ion battery, electric car, cars, ARK, ARK Invest, Industrial Innovation

    Tesla’s Battery Pack System Will Almost Double its Range

    by | Industrial
    Mentioned Companies: TSLA

    The cost of Tesla’s  battery pack system is poised to decline rapidly, allowing the range of a Model S equivalent vehicle to hit 430 miles by 2019. As lithium-ion battery costs continue to decline, electric vehicles will drop in price and/or become more powerful. ARK estimates suggest Tesla paid an average of $400 per kWh […]

  • Residential Energy Storage, Tesla, battery, energy storage, powerwall, home energy, cost, ark, ark invest, ARKQ, industrial innovation, arkindu

    Tesla’s Residential Energy Storage: Uneconomic and Premature

    by | Industrial
    Mentioned Companies: ENOC

    In April, Tesla announced its Powerwall, an energy-system for homes and offices. Barring a change in business model, however, residential energy storage is unlikely to contribute meaningfully to Tesla’s revenue. Theoretically, if deployed at scale, Tesla’s Powerwall could save the US economy $26 billion annually. Charging at night and distributing power during the day, the […]

  • gasoline prices, chevy volt, niassan leaf, telsa, TSLA, battery, energy storage, charging station, electric vehicle, EVs, alternative energy, arkq, arkindu, industrial innovation, ARK, ARK Investment Management, Innovation, ETF, Active management, thematic, investing, disruptive innovation, investment management

    Will the Drop in Gasoline Prices Lower the Demand for Electric Vehicles?

    by | Industrial
    Mentioned Companies: GM, NSANY, TSLA

    Oil prices have declined roughly 50% in the past eight months, calling into question the future demand for electric vehicles (EVs). In fact, SUV and truck sales have increased to 53% of total US vehicle sales during the past six months (as shown below), hitting their highest share in a decade. Longer term, however, as […]

  • fuel cell, energy storage, lithium-ion battery, battery, tesla, toyota, ARK, ARK Investment Management, Innovation, ETF, Active management, thematic, investing, disruptive innovation, investment management, andrew margrave, industrial innovation, arkindu, arkg

    UPDATE: Mirai vs. Tesla: Toyota’s Challenge with Fuel Cells

    by | Industrial
    Mentioned Companies: F, GM, NSANY, TM, TSLA

    UPDATE November 18, 2014: This post has been updated by ARK Thematic Analyst David Conway from its original form published on September 2, 2014 by ARK Thematic Analyst Intern Andrew Margrave. When the new Toyota  Mirai goes on sale in 2015, those who have access to a hydrogen fueling station will be able to purchase […]

  • fuel cell, ark research, energy storage, fuel cell vehicles, ev, electric verhicles

    UPDATE: The Hidden Cost of Fuel Cell Vehicles

    by | Industrial
    Mentioned Companies: HMC, NSANY, TM, TSLA

    UPDATE July 27, 2015: This post has been updated by ARK Thematic Analysts David Conway and Tasha Keeney from its original form published on September 10, 2014 by ARK Thematic Analyst Intern Andrew Margrave. To request the original blog please email [email protected] In contrast to electric vehicles (EVs), infrastructure demands will prove to be cost prohibitive […]

  • performance comparisons, most powerful battery, tesla, tesla battery

    Tesla Model S @ $80,000: What a Deal!

    by | Industrial
    Mentioned Companies: BMW, GM, NSANY, TSLA

    Tesla’s Model S stands out among electric vehicles (EVs)… and, not just for looks! Of the top ten selling EVs in the United States, the Model S has the most powerful battery – 85 kWh. As shown in the chart below, in performance comparisons all other EV batteries are one-third its size, at the most.1 Why […]

  • EV market, EV market tesla, EV market research

    EV Market: Tesla Has Lots of Room to Run

    by | Industrial
    Mentioned Companies: TSLA

    Today Tesla’s  electric vehicles (EV) barely register as a percent of the luxury car market, let alone the overall car market. Because growth in the EV market has barely begun, Tesla has lots of room to run, especially if it increases market share. We predict that the EV market will grow rapidly as technological advances […]

  • electric bus, electric vehicles, evs, public transportation, ark, ark investment management, investment management, investing, ETFs, arkq, arkindu, ark industrial innovation,

    Electric Bus Sales Could Soar

    by | Industrial
    Mentioned Companies: BYDDF, TSLA

    While electric cars seem to be generating quite a bit of excitement these days, investors may be surprised to learn that the transition to electric buses is happening even faster. Estimates call for plug-in hybrid and electric (H&E) bus sales to be more than 42,000 by 2020, achieving 15.4% market penetration, much higher than the […]

  • Range Anxiety, telsa, TSLA, battery, energy storage, lithium-ion battery, charging station, electric vehicle, EVs, alternative energy, arkq, arkindu, industrial innovation, ARK, ARK Investment Management, Innovation, ETF, Active management, thematic, investing, disruptive innovation, investment management

    Range anxiety: Is It Too Soon to Buy a Tesla?

    by | Industrial
    Mentioned Companies: AVAV, BAMXY, GM, NSANY, TSLA

    Range anxiety —the concern that an electric vehicle (EV) will become stranded because it has run out of electricity—is becoming a non-issue. With today’s infrastructure, the map below should instill “range confidence” in any consumer considering an electric vehicle (EV). The main issue with today’s charging infrastructure is not the number of chargers. The problem […]

  • telsa, battery, lithium-ion battery, charging stations, industrial innovation, arkindu, gigafactory, battery production, elon musk, ARK, ARK Investment Management, Innovation, ETF, Active management, thematic, investing, disruptive innovation, investment management

    Does Tesla’s Gigafactory Make Sense?

    by | Industrial
    Mentioned Companies: DAI, EVK, PCRFY, TSLA, VLKAY

    Tesla is going to need a Gigafactory to meet growing electric vehicle demand. Tesla plans to produce 500,000 cars in 2020 and announced it will build a $5 billion Gigafactory to supply it with lithium-ion batteries. As production scales, the cost of the battery packs should drop “by more than 30%,” according to Tesla. By […]