Close
Ark Invest CEO Cathie Wood and her firm have set a new price target of $2,600 for Tesla by 2029, heavily focusing on the company's autonomous vehicle ambitions. The forecast predicts that nearly 90% of Tesla's enterprise value and earnings in 2029 will be attributed to the robotaxi business. The model breaks down Tesla's 2029 revenue, with a significant portion coming from robotaxis and electric vehicles.
The forecast also highlights Tesla's plans to launch a robotaxi network within the next two years, transforming its business model from one-off vehicle sales to a recurring revenue base. Ark Invest's confidence in Tesla's ability to scale the robotaxi business has increased considerably, leading to the projection of every Tesla car becoming an AI-powered cash flow generation machine. The new price target model excludes impacts from the Tesla Semi, Supercharging network, FSD licensing, or AI-As-A-Service.
The Australian Financial Review 8month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
