Reported about 1 month ago
Tesla currently earns the majority of its revenue from electric vehicle sales, but forecasts suggest that by 2029, 86% of its earnings could come from autonomous technologies, particularly its full self-driving software and robotaxi services. While the company is facing a slowdown in EV sales and increasing competition, CEO Elon Musk emphasizes that the real opportunity lies in autonomous vehicles, with plans for the Cybercab and a potential ride-hailing network. However, achieving the ambitious growth projections from Ark Investment Management will require significant scaling of these technologies.
Source: YAHOO