Cathie Wood's Vision for the Future of Tesla and AI
Cathie Wood's Ark Invest recently published a valuation model that prices Tesla at $2,000 per share by 2027, which implies 1,030% upside from its current price. The valuation model hinges on robotaxis, a topic that Tesla CEO Elon Musk recently discussed in an interview with CNBC. Musk said that full self-driving (FSD) technology would ultimately allow Tesla to sell cars for software margins and that Ark Invest has the "best analysis" he's seen on the topic. Tesla plans to build a fleet of robotaxis by 2024 and launch an autonomous riding-hailing network, which could significantly increase its addressable market.