Reported 2 days ago
Tesla has recently launched its robotaxi service in Texas, which could lead to a multitrillion-dollar market. Despite a 20% drop in share prices over the last six months, experts predict significant growth for Tesla, especially driven by its robotaxi initiative. Analyst Cathie Wood anticipates that the global autonomous taxi market could reach $8 to $10 trillion, potentially boosting Tesla's share price substantially. With advantages in brand recognition and capital access, Tesla is seen as a strong long-term investment in the robotaxi space.
Source: YAHOO