Cathie Wood

Robotaxis, we believe, will account for 90% of Tesla's valuation by the end of the decade.

We're in print at 2,600.

That includes nothing for optimists robots.

And we're beginning to understand how quickly

Tesla is moving on that front.

Why?

Because it's the convergence of the same three technologies, robotics, energy storage, and AI.

So I think that price target, obviously, if Optimus is successful, and we believe it will be, we think that humanoid robots is evolving into a $26 trillion opportunity, half in the home, half in manufacturing plants.

Well, I think it's constant chipping away.

In his first administration, I think President Trump said, for every regulation you put in place, you have to take away two.

And so it's a mindset in this administration, and I think we have it.

We're seeing amazing deregulation in the healthcare, on the healthcare front.

And I don't think many people understand that the FDA has decided that animal testing is no longer necessary for monoclonal antibodies.

And I don't think they're as aware of how the FDA is harnessing AI itself and encouraging the companies it regulates to start using AI.

So I think it's a mindset shift, and I think it is happening.

I think the most profound deregulation is taking place

uh in the energy uh realm and uh that's not just uh oil and gas and so forth it's nuclear uh if we in the 70s had not started regulating nuclear the way we did and driving construction costs up electricity prices today would be

40% lower than they are.

And so we think as nuclear comes on stream, that it will serve to take some of the edge off of the increase to electricity prices that data centers are causing now.

Well, we have had, year to date I think, our ETFs have roughly a billion dollars in inflows, heavily skewed to space exploration and defense, for obvious reasons, and then autonomous technology and robotics.