Tesla’s planned rollout of its robotaxi service has been delayed, with CEO Elon Musk indicating that significant scaling won’t occur until 2027 at the earliest. Initially, Musk projected millions of autonomous Teslas by late 2026, with substantial coverage across half the U.S. population by late 2025, but these goals have not been met. The next critical milestone for the robotaxi rollout hinges on the release of the full self-driving software version 15, which Musk expects to be ready by the end of this year or early 2027.
In a strategic move, Cathie Wood’s Ark Invest purchased over 160,000 shares of Tesla, valued at approximately $50.1 million, following a recent drop in share prices. Ark maintains a bullish outlook for Tesla, predicting a potential share price of $2,600 by 2029, primarily driven by the anticipated success of the robotaxi service, which the firm now estimates will account for 88% of Tesla’s enterprise value by that year. Despite the delays, Tesla has reported positive trends in unsupervised miles driven in early versions of their FSD technology.
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