Robotaxi Dreams: Tesla Lands $2,600 Share Price Estimate from ARK Invest

seekingalpha06-12

ARK Invest published its new open-source model on Tesla (NASDAQ:TSLA) on Wednesday. The analyst team of Tasha Keeney, Sam Korus, and Daniel Maguire set an expected value for Tesla's (TSLA) stock in ...

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HammerRegarded
06-12
HammerRegarded
Not sure I'd follow anything Cathie "The Wealth Destroyer" Wood advises...
Dema Adi Pratama
06-12
Dema Adi Pratama
Great article, would you like to share it?

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The analyst team of Tasha Keeney, Sam Korus, and Daniel Maguire set an expected value for Tesla's (TSLA) stock in ...</p>\n\n<a href=\"https://seekingalpha.com/news/4115205-robotaxi-dreams-tesla-lands-2600-share-price-estimate-from-ark-invest\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://seekingalpha.com/news/4115205-robotaxi-dreams-tesla-lands-2600-share-price-estimate-from-ark-invest","article_id":"2442563582","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2442563582","pubTimestamp":1718205801,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"ARK Invest published its new open-source model on Tesla (NASDAQ:TSLA) on Wednesday. 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The analyst team of Tasha Keeney, Sam Korus, and Daniel Maguire set an expected value for Tesla's (TSLA) stock in 2029 of $2,600. The bear case price estimate for TSLA was $2,000 and the bull case price estimate was $3,100.Crucially, Cathie Wood's firm believes that Tesla (TSLA) will launch a robotaxi service within the next two years. The probability Tesla fails to launch a robotaxi service within five years was said to be di minimis.Looking ahead, ARK Invest estimated that nearly 90% of Tesla’s (TSLA) enterprise value and earnings will be attributed to the robotaxi business in 2029. Electric vehicles are seen being a quarter of total sales and ~10% of Tesla's (TSLA) earnings potential, as ARK Invest believes the robotaxi business will have much higher margins.\"From a modeling perspective, we previously estimated that Tesla’s take rate would be ~40-60% on average, higher than Uber’s ~20-30% take rate. This year, we fine-tuned our analysis to include the assumption that, initially, Tesla will own and operate its vehicle network, retaining all revenue per mile for the first one-to-three years. For later years, we assume that third-party companies will own and maintain the vehicle fleet, earning ~$0.20 per mile for their services, while the remainder of revenue per mile accrues to Tesla. In effect, Tesla’s take rate is ~80% on average in the final year of the model. Meanwhile, we revised our median case expectation for the start of a robotaxi service to late 2025.\"Ark Invest also sees upside for Tesla (TSLA) from the release of Full Self-Driving v12, which saw Tesla (TSLA) transition to a neural network that learns from video data and directly controls the vehicle, eliminating over 300,000 lines of manual code. ARK Invest said its research indicates that Tesla (TSLA) is accumulating data at ~110X the rate of Waymo (GOOG).Looking beyond five years, ARK Invest's research suggests that generalizable humanoid robots represent a ~$24 trillion global revenue opportunity at scale. That is seen setting up Tesla (TSLA) to potentially capture a significant share of the multi-trillion-dollar market if it chooses to sell Optimus externally.Shares of Tesla (TSLA) were up 4% to $177.12 in early trading on Wednesday. ARK's expected value for Tesla (TSLA) implies a 1,300% gain from the current price.Tesla (TSLA) is the top holding in the ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) and the fourth biggest holding in the ARK Next Generation Internet ETF (NYSEARCA:ARKW).","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":316118524309688,"gmtCreate":1718207220247,"gmtModify":1718207224996,"author":{"id":"4167423522566752","authorId":"4167423522566752","name":"HammerRegarded","avatar":"https://community-static.tradeup.com/news/c3eb6f214db891c4a5ba2c8a80673308","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4167423522566752","authorIdStr":"4167423522566752"},"htmlText":"Not sure I'd follow anything Cathie \"The Wealth Destroyer\" Wood advises...","listText":"Not sure I'd follow anything Cathie \"The Wealth Destroyer\" Wood advises...","text":"Not sure I'd follow anything Cathie \"The Wealth Destroyer\" Wood advises...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316118524309688","repostId":2442563582,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":316113955758160,"gmtCreate":1718206087753,"gmtModify":1718207171656,"author":{"id":"4163022533605942","authorId":"4163022533605942","name":"Dema Adi Pratama","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4163022533605942","authorIdStr":"4163022533605942"},"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316113955758160","repostId":2442563582,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":12,"commentSize":3,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2442563582"}