Tesla will be the leader of the EV market, as the company is leading the charge in key areas, Cathie Wood said.
Wood predicted Tesla stock would jump to $1,500 in five years, implying a 650% increase from current levels.
They're focused on autonomous," Wood said in a Bloomberg Intelligence webinar posted on Thursday.
In addition to robotics and artificial intelligence, which will power autonomous electric vehicles, she also pointed to energy storage, saying advances in battery technology will give electric vehicles lower costs than typical gas-powered vehicles.
That's because they aren't focusing enough on autonomous vehicles, and Tesla models are also of higher quality, she said.