Key Points
Tesla (NASDAQ: TSLA) is experiencing a significant decline, with shares dropping over 15% since 2026, as the company reports declining automotive sales for the third consecutive year. This decline comes amid increasing competition in the electric vehicle (EV) market, although Tesla retains a market capitalization of over $1 trillion, granting it notable access to capital.
According to McKinsey & Co., the robotaxi market could potentially add $1 trillion to Tesla’s market cap, with estimates suggesting this sector could reach a global scale by 2030. The firm reports over 700,000 autonomous rides per week globally, dominated by the U.S. (450,000 rides) and Europe, which have more than 35 active autonomous vehicle pilots. Analyst Dan Ives predicts that if Tesla successfully penetrates the robotaxi market, it could significantly enhance its valuation.
