Tesla Makes Money Selling Electric Vehicles, but 90% of Its Value Could Soon Come From This Instead

Tesla (NASDAQ: TSLA) is already one of the largest electric car companies in the world. But next year, its entire business model may be transformed. That transformation will be driven by a new business venture that some experts believe could add $1 trillion to $2 trillion to Tesla's valuation by the end of 2026. By the start of 2027, Tesla may be better known for this emerging opportunity than it ever was for its car manufacturing business. Dan Ives, an analyst at Wedbush Securities, is ecstatic about Tesla's new robotaxi service. Cathie Wood, a prominent Tesla investor, believes the robotaxi market globally will eventually be worth $5 trillion to $10 trillion. But it's not just robotaxis that has Ives excited -- it's the intersection of robotaxis and artificial intelligence that holds the most promise. Tesla's CEO, Elon Musk, hasn't been immune to overly optimistic predictions, with promises of self-driving cars for nearly a decade. In 2016, he predicted that 90% of miles driven by Tesla would be autonomous within three years. In 2019, when that prediction was nowhere close to coming true, Musk doubled down by calling self-driving cars a "solved problem." He said it would only be two to three years before complete autonomy was achieved. In 2023, after that prediction also failed, he called for full autonomy to be realized "this year."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool