Tesla’s entry into the robotaxi market will boost the company’s stock value by 10 times, says Cathie Wood, founder of the Ark Invest fund. Investors are already pricing in Tesla’s potential in the autonomous vehicle industry; the company could become a winning supplier in the autonomous vehicle market.
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Tesla’s launch of an unmanned robotaxi project could boost the value of the company’s shares by a factor of ten, according to Cathie Wood, founder of the Ark Invest fund.
According to Wood, investors no longer see Tesla as just an electric vehicle manufacturer and are factoring the implementation of the robotaxi project into their share price. Wood expects Tesla to become the market leader in autonomous taxis in the US and could capture up to 50% of its volume.
Earlier, Elon Musk postponed the presentation of the robotaxi from August to October. According to Bloomberg sources, some elements of the car had to be changed. The postponement of the presentation caused Tesla shares to fall by 8.4%.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
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