RV_ Posted April 25, 2023 Report Share Posted April 25, 2023 Very good video for investors in the vehicle industry. Folks talk about a drop in price over the last year but neglect to mention the three for one split of last August. I am very glad I bought more Tesla when it got close to $100 a share. As I have said before this year will bring major changes to the EV transition and we will see some other winners and losers. This year will be a watershed year IMO for all the supply chain raw materials as well as suppliers and battery manufacturing. Which will also impact emerging electric aircraft. Excerpt: "Cathie Wood’s ARK Invest leapt to prominence on the back of high-conviction calls on one the Street's most polarizing names — Tesla (TSLA). And now, the firm is doubling down on its bullishness around the electric vehicle maker with another bold price target for the stock: $2,000 by 2027. Key to the firm's latest optimism on Tesla is the company's not-yet-launched robotaxi business backed by its self-driving technology. In ARK's bull case scenario, Tesla's robotaxi business could bring in $613 billion in revenue by 2027 and account for two-thirds of the company's enterprise value. This bull case scenario would see Tesla stock hit $2,400 per share and the company's market cap approach $8 trillion. Tesla shares closed Monday's trading session at $162.55, giving the company a market cap just over $500 billion. Over the last year, Tesla stock has been roughly cut in half. "We've actually modeled the opportunity in Robotaxis in autonomy, and if you look at the future of Tesla vehicles that are capable of becoming robotaxi enabled, and earning a recurring revenue stream at what we think will be a software as a service like margins, this is an amazing potential for Tesla," ARK analyst Tasha Keeney told Yahoo Finance Live on Monday. "It'll definitely be the highest return on investment per battery produced, as we've analyzed in our new report." Notably, Tesla does not yet have a revenue generating robotaxi business. Timing-wise Keeney believes it's possible Tesla unveils fully autonomous software by the end of the year — which CEO Elon Musk predicted on the company's first quarter earnings call — though she believes mid-2024 is a more realistic expectation. According to ARK's model, the faster Tesla can release this software and capability the better, as the financial payoff for first-mover status could be huge. "We think the market for robotaxis globally could be worth $9 to $10 trillion in the next decade," Keeney said." Source: https://finance.yahoo.com/news/cathie-woods-ark-invest-sees-tesla-stock-at-2000-on-600b-robotaxi-business-125523471.html Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
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