Cathie Wood, CEO of ARK Invest, predicts that Tesla could generate over $1 trillion in revenue from its autonomous vehicle venture within the next five years.

She believes Tesla is well-positioned to dominate the autonomous mobility market, which she describes as a 'winner-take-most' opportunity.

Wood asserts that Tesla's advancements in autonomous driving are now a matter of 'when' rather than 'if,' citing Waymo's progress as validation of the technology.

She emphasizes that the company providing the fastest, safest, and most efficient transportation will likely lead the market.

Wood sees Tesla shifting towards a software-as-a-service model, which offers higher profit margins compared to traditional electric vehicle sales.

Despite a challenging stock market year for Tesla, Wood remains optimistic about the company's future.

Her confidence is backed by extensive research into autonomous mobility, which she believes will transform Tesla's business model.

Wood anticipates that Tesla's upcoming 'robotaxi day' on October 10 will prompt analysts to reevaluate their projections for the company.

ARK Invest's research indicates that the potential revenue opportunity from autonomous networks could reach $4 to $5 trillion over the next 5 to 10 years.

Wood identifies leading companies in the artificial intelligence sector, including OpenAI, Anthropic, xAI, Alphabet's Google, and Meta.

The ARK Venture Fund has committed at least $250 million to OpenAI's funding round, marking its second investment in the company.

In a recent funding round, OpenAI raised $6.6 billion, increasing its valuation to approximately $157 billion, with ARK Invest being a key investor.