Tesla’s Robotaxi Service has finally launched after years of anticipation. The debut happened earlier this month on the streets of Austin, Texas. Though the ride was not smooth, investors reacted quickly.
On launch day, Tesla’s stock surged by 7%. The rise came despite several viral videos that raised safety concerns. The cars rely on remote drivers who can take control at any time. While this reduces risk, some still worry about overall safety.
Elon Musk has teased this project for years. Now, Tesla’s Robotaxi Service is a reality, not just a promise. However, some experts believe the move could reshape the company’s future and the global transport market.
Cathie Wood of Ark Invest remains one of Tesla’s most vocal supporters. She predicts the robotaxi industry will grow into a $10 trillion global market. At a recent investor conference, she explained her view. “We think it’s going from almost nothing to a massive opportunity,” she said.
Wood believes artificial intelligence is the true driver behind this shift. She sees AI pushing these innovations forward faster than many expect. In her view, Tesla is leading the charge.
She also shared a bold forecast. According to her, 90% of Tesla’s future value will come from the robotaxi division. She believes the stock price could hit $2,600 per share within five years. Wall Street, however, is more cautious. Most analysts expect the stock to reach only $320 by the end of 2025.
Still, momentum is building around Tesla’s Robotaxi Service. The company is banking on its tech edge and AI capabilities to scale quickly. If successful, it could redefine personal and shared transportation.
Investors are watching closely. The outcome of this launch will likely shape Tesla’s financial path in the coming years. While challenges remain, the business world is paying attention to Tesla’s next move.
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