Ark Invest, File (for Wood) and Hannibal Hanschke/Pool Photo via AP, File (for Musk).
- Tesla will be the leader of the EV market, as the company is leading the charge in key areas, Cathie Wood said.
- The ARK Invest CEO pointed to Tesla's focus in autonomy and energy storage.
- Wood predicted Tesla stock would jump to $1,500 in five years, implying a 650% increase from current levels.
Tesla is going to emerge as the winner of the electric vehicle market, as the company is leading the industry in key factors that distinguish it from its competitors, according to Ark Invest's Cathie Wood.
"I think the companies that are going to win are not focused only on electric. They're focused on autonomous," Wood said in a Bloomberg Intelligence webinar posted on Thursday.