Cathie Wood

So our price target there is $2,600, and we're in the low $400s today.

So a nice appreciation over five years, but we don't have anything for Optimus in there.

And what's interesting about the call is clearly Elon is feeling good.

about Optimus expecting to ramp to 1 million.

I think, is it by the end of next year?

I may not have that completely.

Well, you think about humanoid robots, it's the same three innovation platforms.

Robotics, it's just 200,000 times more complicated, as we stated there, than a robotaxi.

So robotics, energy storage, and AI.

It's the same three platforms as for a robotaxi.

So Tesla has cut its teeth on the robotaxi, very simple robot,

And while it is scaling that, and the cash flow generation from this subscription model is going to be enormous, and it's going to fund the optimist strategy.

And as you know, they also announced that Tesla invested $2 billion into XAI, whose appetite for chips and power is enormous.

And we've also heard in the last

few days about the possibility of SpaceX and XAI and maybe even Tesla getting together.

You know what he's doing?

Because he's in China, he recognizes how far ahead China is in

capitalizing on this convergence among technologies.

On our brainstorm today, a person who has really good knowledge of inside China said, you know, all of these companies, you hear about them individually, the robotics companies, so Unitary, and the battery companies, CATL, and AI companies, well, all of their hyperscalers now, and DeepSeek.

they're all working together.