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00:00So what are you doing on a day like today are you are you buying. I mean the Nasdaq was down almost 4 percent today. Tesla was down significantly. Did you buy. Oh yes. Oh yes. And we. We publish our trades at the end of every day. So you will see them the markets closed. We bought a lot of Tesla today across any strategy that holds Tesla. And we will be publishing in a few weeks a report updating our thoughts about Tesla. Our excitement about the potential of a ride hailing service as a bridge to an autonomous service and our high and the higher ISE that autonomous is going to happen for Tesla. And part of the reason for the higher odds is now that way Mo is on the road autonomously. We know it can be done. Tesla has so much more data than Google or anyone else or everyone else combined that we think it's in the pole position. Well it's interesting too you know it's funny Kathy. People expecting you to be on and they were sending us tons of questions. You know this whole idea of the treasure trove of data that Tesla has specifically you talk about it a lot you know. Do other people believe it too. Are you seeing other people kind of put that out as kind of one of the fundamental reasons that you want to own Tesla. It's not just a car company right. It's a technology company. It's a battery company. Is that thesis being a data company getting it a lot more recognition. We do not think many analysts or investors are giving Tesla credit for autonomous. If they were the stock would be a lot higher. What we do think they're giving Tesla credit for increasingly is you know its electric vehicle franchise and how far ahead of the competition it Tesla is when it comes to battery technology to artificial intelligence both in the form of a chip through the data collection. We think 30 billion plus miles compared to Google's 30 million ish miles. And still over the air software updates to to change performance. It's remarkable that more are not onboard even the last one yet. So I think it's franchise has legs here. So how does that translate into market value for Tesla. How much more opportunity is there. How much how much more opportunity is left for this run up to continue. Well I'll give you a sense of this is from our big ideas 2021. You can get that on our site our dashing best outcome. We we believe that the autonomous market so the ride hailing market but autonomous will be a seven trillion dollar revenue opportunity. And right now the ride hailing companies human driven ride hailing their market cap probably cumulatively is around 200 billion globally. If we're right. Tesla is in the pole position in the United States to become the autonomous taxi network. Autonomous is going to submit to natural geographic monopolies. So in the U.S. are confident in Tesla has gone up. The more we understand about auto pilot and the more data is one to one and a half million robots out there including my Model 3 are collecting to inform its artificial intelligence engine so that 6 to 7 trillion dollar market we think is going to be more in the developed world. Ironically than in the emerging markets in terms of value for reasons we can get into. If you would like. So the US could be a third to a half of that of that market. So think about that three and a half trillion dollar opportunity. And it's going to be more of a monopoly than I think most investors and analysts understand right now.

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ARK Buying 'A Lot of Tesla' After Recent Tumble: Cathie Wood

Ark Investment Management founder and Chief Executive Officer Cathie Wood says her funds bought "a lot of Tesla" on Tuesday after the electric-vehicle maker's recent share-price slide. She speaks on "Bloomberg Businessweek" (Source: Bloomberg)