Cathie Wood expressed her belief that Tesla could see a significant surge in its stock price as it moves into the autonomous taxi business. Wood suggests that this shift could present a global revenue opportunity of $8 trillion to $10 trillion.
During the Tiger Money podcast, Wood stated that Tesla could potentially capture up to 50% of the autonomous taxi market. Investors are beginning to value Tesla beyond its electric vehicle production, factoring in its potential in the autonomous taxi sector.
“Autonomous taxi platforms are the biggest AI project evolving today,” Wood said. She believes that Tesla’s stock has a long way to go, primarily based on its autonomous driving potential.
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