Cathie Wood Says Tesla Holds Edge In 'Winner Take Most' Autonomous Driving And Robotaxi Opportunity
Portfolio Pulse from Shanthi Rexaline
Ark Invest founder Cathy Wood has expressed her bullish stance on Tesla, Inc. (NASDAQ:TSLA), particularly in relation to the company's potential in autonomous driving technology. She stated that a third of Tesla's bear-case 2027 price target of $1,400 is associated with EVs and scaling them, while two-thirds is around autonomous and autonomous taxi platforms. Wood also highlighted Tesla's leading position in the U.S. in terms of autonomous driving and robotaxi platforms, and noted that the risks surrounding Tesla’s autonomous driving tech and robotaxis are decreasing.
September 19, 2023 | 6:03 am
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Cathy Wood's bullish stance on Tesla's potential in autonomous driving and robotaxi platforms could potentially boost investor confidence in the company. However, Tesla's stock ended Monday’s session down 3.3% at $265.28.
Cathy Wood's comments highlight the potential of Tesla's autonomous driving and robotaxi platforms, which could attract more investors to the company. However, the recent drop in Tesla's stock price indicates that there may be other factors at play affecting the company's stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100