Tesla’s share in the overall auto market could be up to 25% by 2026

Tesla delivered 139,300 vehicles in the third quarter, smashing its previous record - The VergeTesla bull and CEO of ARK Invest Cathie Wood predicts that Tesla’s share in the total auto market could be up to 25% by 2026.

Wood also believes that the transition to electric vehicles might be ‘too little too late’ for legacy automakers.

“If Tesla is the first to be successful in autonomous in the United States, we’re beginning to believe that not only will Tesla take that biggest share of the electric vehicle market, we believe that it could take 20% to 25% share of the total auto market in five years,” Wood said in an interview with Barron’s.

The CEO and founder of ARK Invest believes other EV startups, like Rivian and Lucid, aren’t a real threat to Tesla. Rivian recently completed one of the biggest IPOs in US history, debuting at $78 per share with a valuation of over $77 billion.

Meanwhile, Lucid recently started delivering its Air Dream Edition. Lucid Motors CEO expects to catch up to Tesla’s $1 trillion valuation in the future.

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