Lecture Notes

Tesla's Weight in ARK Innovation Fund

• 16% of the flagship ARK Innovation Fund is Tesla
• Query on increasing weighting or maximum cap for a single stock
  • Response: Normally take profits before 16%

Reason Tesla's Weight Exceeds Normal

• Robotaxi Opportunity
  • Expecting significant information from Tesla
  • Initially, info was expected on August 8th
  • Date pushed to October
  • Speculation that new insights will be more inspiring by October

Insights on Tesla's Strategy

• Chose August 8th initially due to its significance in China as a lucky number
• Expecting a closer realization of the robotaxi opportunity rather than a delay.
• Elon Musk likely aiming to present more compelling data in October