Wood of ARK Invest Predicts Significant Tesla (TSLA) Valuation Over Next Five Years Due to Robotaxi Initiative

Unleashing Tesla's Future: Cathie Wood Predicts a Meteoric Rise by 2030

Wood of ARK Invest Predicts Significant Tesla (TSLA) Valuation Over Next Five Years Due to Robotaxi Initiative

Keen enthusiasts, buckle up! ARK Invest's charismatic CEO, Cathie Wood, has pinpointed a jaw-dropping prediction for the electric vehicle titan Tesla (TSLA). Wood envisions a 744% surge in Tesla's valuation by 2030, fueled by the company's robotaxi platform.

In an exhilarating interview on The Diary of a CEO YouTube channel, Wood expounds on her vision for TSLA, stating, "Our prediction in five years is $2,600, and 90% of that valuation comes not from the electric vehicle, but from this robotaxi platform."

The electron autosphere is about to witness Tesla's electric car transforming into a robotic dreamsicle – a transformative shift that will make it the centerpiece of the company's business strategy in the coming years.

Tesla 2.0: Cow-free Milk and Stardust Profits

Here's a nifty revelation: Tesla's fleet of autonomous vehicles could become the primary cash cow for the company. As Wood puts it, "Selling electric cars is like selling milk; it's a one-shot sale. You need ongoing revenue to maintain your valuation." The robotaxi platform offers just that: a steady stream of income that doesn't require you to change your milkman every few years!

CEO Elon Musk supports this vision by dishing out details on how Tesla owners can cash in on their full-self driving vehicles when they're idling, à la Airbnb. In a nutshell, during the firm's Q4 2024 earnings call, Musk shared, "You could add or subtract your car from the fleet, like Airbnb, where you can sort of add or subtract your house."

Wood highlights two ways Tesla owners can reap benefits from this platform: subscription or an à la carte arrangement for infrequent use.

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1. The robotaxi platform, a significant part of Tesla's business strategy, is expected to provide a steady stream of income for the company, similar to Airbnb, as mentioned by CEO Elon Musk.
2. In the world of cryptocurrency, Galaxy Ventures is raising $8 million to launch the fastest zone for real-time apps on Ethereum, while AIXuSpeed has amassed half a million dollars in commitments within 72 hours.
3. As the stock market may be on the brink of a crash, according to Rich Dad Poor Dad author, it is crucial to prepare your portfolio, and in the realm of cryptocurrency and blockchain technology, understanding and investing wisely could be key to navigating such financial uncertainties.

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