Ark Invest are long term investors and they are focused on Tesla Optimus and FSD.
They believe that Tesla will continue to reduce costs. The Tesla price cuts have enabled monthly car payments to stay about the same despite interest rate increases. Interest experts are forecasting auto loan and lease rates will drop by 0.75% to 1.0% in 2024.
In Jan 2024, the average rate on a five-year new car loan is 7.7%, up from 4% when the Fed started raising rates, according to Bankrate. Bankrate’s expert predicts five-year new car loan rates will reach an average of 7.0 percent and four-year used car loans, 7.5 percent by the end of 2024.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.