Cathie Wood highlighted that ARK Invest expects Tesla’s autonomous robotaxis to see robust adoption once regulatory approvals align, as evidence by the expansion of the Full Self-Driving beta into multiple U.S. cities. She emphasized high reservation activity among early adopters as a key indicator of long-term demand.

Wood also noted that accelerated reservation trends for SpaceX’s crewed missions support ARK’s decision to raise its multi-year revenue forecast for the space transport unit. She pointed to the unit’s high-margin profile and growing customer interest as pillars of ARK’s overweight stance on SpaceX.