Ark Invest CEO Cathie Wood believes that the electric vehicle giant Tesla (TSLA) can reach an astronomical appreciation by 2030.
In an interview on the diary of a CEO YouTube channel, Wood says that she sees TSLA rising in half a decade 744%, encouraged by the company’s robotaxi platform.
According to Wood, Tesla’s fleet of autonomous vehicles becomes the center From the company strategy of the company in the coming years.
“Our prediction in five years is $ 2,600, and 90% of that appreciation is not from the electric vehicle, but from this robotaxi platform.
Because the electric car, if you think about it, is a one-shot sale. Sales and hope they come when they replace their car. ‘
During the profit call of the company Q4 2024, CEO Elon Musk explained How Tesla owners can generate income by renting out their entire self-driving vehicles instead of just parking them when they are not in use.
“And I expect that we will be activated with our internal fleet in various cities without supervision at the end of the year. Other people use your house.”
For now, Wood says that Tesla has two options to generate recurring income for both the company and the feeding owner.
“You could subscribe to the network. It is possible or: Subscription or à la carte if you don’t think you’re going to use it so much.”
From the end of Monday, TSLA is worth $ 308 per share.
https://www.youtube.com/watch?v=ZZNPMH0DEGE
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