Tesla’s Entry into Robotaxi Market Will Increase Company’s Share Price by 10 Times – Cathie Wood

Tesla’s launch of a self-driving robotaxi project could increase the company’s share price by 10 times. This is stated Ark Invest founder Cathie Wood.

According to Wood, investors no longer view Tesla solely as a manufacturer of electric cars and are factoring in the implementation of the robotaxi project into the price of its shares. Wood expects Tesla to become the leader in the self-driving taxi market in the United States and could take up to 50% of its volume.

Earlier, Elon Musk postponed the robotaxi presentation from August to October. According to Bloomberg sources, it was necessary to change some of the car’s elements. The postponement of the presentation caused Tesla shares to fall by 8.4%.

Cover photo: Trygve Finkelsen / Shutterstock

Source: rb.ru