Cathie Wood Predicts Tesla Stock Surge with Robotaxi Platform
Ark Investment's Wood sees autonomous taxis as a multi-trillion dollar opportunity for Tesla, driving significant stock growth.
- Wood forecasts a ten-fold increase in Tesla's share price from its autonomous taxi platform.
- The autonomous taxi market is estimated to be worth $8 trillion to $10 trillion globally.
- Tesla's robotaxi unveiling has been delayed to October for additional prototype development.
- Despite delays, Wood remains optimistic about Tesla's leadership in the autonomous vehicle market.
- Tesla's potential in China and other sectors like energy storage remains largely untapped in current valuations.