ARK Forecast: 90% Of Enterprise Value & Earnings Will Be Robotaxi Biz In 2029
• ARK updated $TSLA's price target to 2029, highlighting that autonomous driving could make up almost 90% of Tesla's value.
• There's a 58% chance that Tesla will commercialize its Robo taxi by 2025, thanks to advancements in AI and FSD technology.
• Tesla's FSD progress includes improved AI models, better computing power, and big performance boosts, making autonomous driving more reliable.
• Confidence in Tesla's Robotaxi deployment is growing, using its vast data advantage to overcome scalability challenges faced by competitors like Cruise and Waymo.
• Tesla's Robotaxis could make good money by turning idle cars into revenue-generating assets through vehicle sharing.
• Higher vehicle usage rates in Tesla's Robotaxi network could lower per-mile operating costs, potentially making them cheaper than traditional ride-hailing services.
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