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over the past year tesla stock has clearly gone up a massive amount and while the majority of the analysts claim that tesla is in a bubble kathy wood the ceo and cio of arc invest takes a totally different stance in this video i'm going to go over kathy wood's thesis behind why tesla stock is still undervalued if you're new to the channel please consider subscribing for more content like this and let's get right into it during the dot-com bubble we saw massive hysteria for the exponential growth of technology as we all know today the excitement for tech stocks wasn't totally off as technology eventually hit the exponential curve many years later the problem with the telecom bubble was the timing not the speculation we also saw the same issue occur in the 2010s as when the cleantech bubble began to fuel up with companies like solyndra the issue that caused the bubble to burst was not the growth curve but rather the timing of massive capital inflow while these bubbles got the timing totally off kathy wood believes that the situation with tesla and electric vehicles is different not only is the exponential curve inevitable with the cost of declines of battery technology but the timing of the curve increase is on point the exponential growth of evs isn't in events that will happen in 10 to 20 years it's actually happening right now and that's what makes tesla stock undervalued can you give me an example of something that felt like it was around the corner a few years ago but is here today that'll make me believe that those things are in fact going to arrive oh my goodness yes we have so many you know all of the seeds of what i just uh mentioned were planted way back in the tekken telecom bubble and that's why you're asking the question too much capital too soon ended badly ended in tears today these seeds have been gestating for these 15 to 20 years we are on the cusp of just amazing exponential growth curves i don't think people understand what that means just one uh electric vehicles when we first started arcs six years ago auto companies most analysts said maybe that's 10 15 years away we are at the cusp today of electric vehicles dropping on a sticker price basis dropping below uh gas powered p vehicles in terms of price uh and they will continue to drop further in price as time goes on and as battery costs come down i think the fear out there from an investment point of view is related to the tech and telecom bubble everyone thinks we're in a bubble again and we are not this is the real deal as kathy mentioned in the recent clip the ultimate turning point for the exponential growth of evs is when they become cheaper than internal combustion engines this turning point will be marked by the inevitable cost declines of batteries specifically the cost per kilowatt hour according to forbes tesla's battery packs currently cost 127 dollars per kilowatt hour the point where batteries become cheaper than internal combustion engines is 100 per kilowatt hour according to many auto executives tesla's project codenamed roadrunner has been looking to bring the battery pack costs below 100 per kilowatt hour and even with catl's batteries the cost per kilowatt hour is already 80 once these cost declines are used for a cheaper vehicle which tesla has been working on for months now the exponential growth that will occur is so large that it isn't fully priced in yet along with the growth of evs kathy also sees the potential with other cost declines and breakthroughs such as autonomous vehicles and energy storage while elon musk may be too optimistic on autonomous vehicles when it comes to timelines the truth is that we are still on the cusp of having full self-driving vehicles whether it be in 2 or 10 years now while the timelines for fsd vehicles is still unclear energy storage and solar is on the tip of growth as the inevitable cost declines of solar energy and energy storage continue to occur the growth of tesla sales in these markets will continue to accelerate taking over the trillion dollar industry of oil this is a tick that not only kathy wood has but also chamath a famous venture capitalist who invested early into amazon facebook and tesla one last question how does this compare with previous booms that i've lived through this is not similar to anything that either you or i and i'm much older than you are have experienced in our lifetimes you have to go back to the early 1900s to see three technology platforms evolve at the same time telephone electricity and automobile believe it or not they were all considered technology back then uh those were three we have five now involving 14 technologies uh we the this is the most exciting period we are are ever going to experience certainly we are uh and what's nice about these platforms uh these five platforms is they are launching pads for even more innovation and they are converging so autonomous taxi networks are the convergence of robotics autonomous vehicles are robots energy storage they will be electric i just told you the costs are are dropping and and will mandate it and they will be powered by artificial intelligence ultimately the main reason why kathy believes tesla stock is still undervalued is because of her five year outlook on tesla with four technologies that are facing exponential growth those being electric vehicles full self-driving energy storage and solar tesla will be worth at least seven thousand dollars per share from kathy's point of view in a recent tweet kathy stated if successful which we believe will be the case a tesla ride-hailing service will lower the probability of our base case substantially during the next five years bolstering our base case at seven thousand dollars we are encouraged that few analysts are modeling this possibility let me know in the comments section below whether you agree with kathy's take on tesla stock at this time if you enjoyed this video please hit the like button and 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