Tesla (NASDAQ: TSLA) recently launched its robotaxi service in Austin, Texas. Despite this advancement, Tesla’s shares have declined by 20% over the past six months, closing at $322 on Wednesday. Analysts predict that the robotaxi market could lead to a potential $10 trillion opportunity globally.
Cathie Wood, CEO of Ark Investment Management, estimates Tesla’s share price could reach $2,600 in five years, with over 90% of the increase attributed to its robotaxi initiative. Additionally, analyst Dan Ives anticipates that the robotaxi venture could add $1 trillion to Tesla’s market capitalization by 2026, leveraging Tesla’s brand recognition and financial resources.
