Tesla isn’t just about electric cars anymore. According to ARK Invest’s bold 2029 prediction, Tesla’s stock could soar to $2,600 per share—and the real game changer isn’t more car sales, it’s robotaxis. Yup, ARK predicts Tesla will become a major player in autonomous ride-hailing services, with this sector accounting for 90% of its future value. Let’s dive into why Tesla’s transformation could be a big deal for everyone.
ARK’s team believes Tesla will have a fully functional robotaxi network by 2025. This means that by 2029, Tesla could be generating a staggering $950 billion in revenue from autonomous vehicles. This isn’t just any kind of taxi service; these rides will be fully autonomous, AI-powered cars that drive themselves, revolutionizing how we think about transportation. That’s why ARK’s base case for Tesla’s stock price sits at $2,600, with the potential to rise even further—up to $3,100 per share in their most optimistic scenario.
Meanwhile, traditional car sales are expected to remain strong, with Tesla selling 5.8 to 14.4 million vehicles annuallyby 2029, pulling in up to $394 billion. But that’s just the support act—the real star will be the high-margin robotaxi business.
What’s interesting is how much more Tesla could become. As Jayden Levitt highlights, Elon Musk’s vision isn’t just focused on electric vehicles but on how AI and autonomous systems can reshape industries. While robotaxis take center stage, Musk’s ambitions for Tesla’s AI and technology go even further.
Of course, it’s not all smooth sailing. The biggest hurdle? Regulatory approval. Tesla needs the green light for its Full-Self Driving (FSD) software before robotaxis can hit the streets. If regulators pump the brakes, Tesla’s timeline for rolling out this service could be delayed. And let’s face it, any changes in Elon Musk’s leadership could also impact the company. Musk is the visionary holding all the pieces together, and his presence is crucial for investor confidence.
Tesla’s 2029 outlook shows that the company isn’t just a car manufacturer—it’s a technology powerhouse in the making. Both ARK Invest and Jayden Levitt see Tesla’s potential far beyond vehicle sales. Tesla’s future is intertwined with AI, autonomy, and cutting-edge innovations that could reshape everything from transportation to energy storage, and even robotics.
For the everyday person, it means that how we get from Point A to Point B could change dramatically in just a few years. Robotaxis could become a regular part of life, and Tesla’s vision of a fully autonomous future might become a reality faster than we think.
ARK Invest and Jayden Levitt paint a picture of Tesla as more than a car company—it’s a tech pioneer ready to dominate AI and autonomous transport. If Tesla’s robotaxis take off, it could revolutionize the transportation industry and make Musk’s company even more of a powerhouse than it already is. While the risks are real, the potential rewards are massive. Keep an eye on Tesla, because the road ahead could get very interesting.
For more details, you can check out ARK’s full analysis here and Jayden Levitt’s take here.
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Published September 23, 2024 1:55PM
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