Jason Badeaux

Tesla’s vision is simply batteries everywhere, for everything, all the time. And that means Tesla is going to need to produce a lot of batteries.

Tesla is by far the most advanced in releasing an FSD package, announcing in early 2020 that it had completed over 5 billion kilometers of testing under autopilot, against just 2 million miles over the past two years by its nearest competitor Waymo (backed by Google).

ARK believes that the companies owning the autonomous technology stack and successful electric vehicle platforms will capitalize disproportionately on the economic benefits.

The future success of Tesla doesn’t depend so much on their products but rather on one thing: the Tesla Gigafactory.

The underlying theme across all 8 of these bullets, except perhaps the last, is that each drives scale of battery production.