Jan. 22 at 10:17 AM
$WRD for those interested in Cathy Woods big ideas (starting from page 95, Autonomous Vehicles).
There’s a few things to say about it. It’s very US focused, which makes some data points irrelevant for Baidu, WeRide and Pony. What is measured and compared sometimes seems the easy takes in a reality that is far more complex.
Charts: Take autonomous miles for instance. If you’d measure cumulative autonomous miles, they add Tesla(supervised). Why are L2 miles even considered?
Daily autonomous miles chart put Pony ahead of WeRide. This is very likely inaccurate, possibly inflated by robotruck miles. Simple math and weight applied, shows Abu Dhabi taxi rides average 5-15 miles. Beijing/other T1 cities: 3-6 miles per ride. Pony’s metrics seem inflated, WeRide’s suppressed, chart confirms.
https://assets.arkinvest.com/media-8e522a83-1b23-4d58-a202-792712f8d2d3/1d8b476b-12ee-437c-ae9d-52031c4e96e9/ARKInvest%20BigIdeas2026.pdf