Tesla is set to sink its teeth into a trillion-dollar market for delivery robots over the next decade, Cathie Wood's Ark thinks, after CEO Elon Musk promised"mind blowing" driver tech at the company's latest earnings.
"According to ARK's research, autonomous ride-hail could turn cars — stranded assets used less than 5% of the day — into assets generating significant recurring cash flows: each of Tesla's autonomous ride-hail vehicles could generate ~$20,000 annually," ARK's director of investment analysis Tasha Keeney wrote. , a 2,500% increase from current market levels.
Both belong in Jail
She talks like there's no one out there making Robots, same way she dismissed China EV players, now Tesla is having competition problems out there!
“Ark alluded to Elon Musk's comments at Tesla's earnings that 'mind blowing' products were coming.” Incredible research work from ARK. /s
NHTSA, SEC and DOJ is going to buy it. This is why they are investigating it! Bullish!