Cathie Wood Says Tesla's AI Training Ramp-up Will Give EV Maker A Headstart In Robotaxis: 'A Winner-Take-Most' Opportunity With 'SaaS-Like Margins'
Portfolio Pulse from Shanthi Rexaline
Cathie Wood's Ark Invest believes Tesla's AI training capacity will grow at a CAGR of 273% from 2021 to 2024, increasing the odds of Tesla being the first to roll out a nationwide autonomous taxi platform. Ark estimates Tesla's stock to hit $2,000 in 2027, with robotaxi business being a key driver.
June 25, 2023 | 3:42 pm
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Tesla's AI training capacity growth may lead to a nationwide autonomous taxi platform, with Ark Invest estimating the stock to hit $2,000 in 2027.
Ark Invest's analysis suggests that Tesla's AI training capacity growth will increase the odds of the company being the first to roll out a nationwide autonomous taxi platform. This could be a significant driver for Tesla's stock price, with Ark estimating it to hit $2,000 in 2027. The robotaxi business is expected to contribute 67% of the expected enterprise value and 64% of expected EBITDA in 2027.
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