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Tesla, Inc. (NASDAQ:TSLA) investors and analysts are highly focused on its anticipated robotaxi business. There are some extreme projections about the value of a robotaxi business to Tesla. For example, ARK Invest
Insights Into Tesla's Trillion-Dollar Robotaxi Question From Elon Musk
Summary
- Tesla, Inc. investors and analysts are focused on its potential robotaxi business, with one projection valuing its robotaxi business at more than $5 trillion by 2029.
- CEO Elon Musk believes autonomous robotaxis are the future for Tesla, with plans for a gigantic fleet and a new vehicle unveiling on October 10th.
- I believe Tesla does have the potential for a viable robotaxi business, although it will take much longer and won't be as gigantic as Elon Musk expects.
- Interpreting quotes from Elon Musk, I try to shed some light on the issues and potential for investors.
- The Tesla robotaxi announcement also has implications for investors in Uber, Waymo, and Cruise.
Author of Autonomous Vehicles: Opportunities, Strategies, and Disruptions. Michael E. McGrath is a proven expert on the strategies of technology-based companies. He has researched autonomous vehicles for the last 3 years, leading to the original publication of this book, as well as the recently expanded and updated second edition. He is a founder of PRTM, the leading management consulting firm to technology companies, former CEO of i2Technologies and experienced board member, serving on four public company boards, as well as several venture capital-funded companies. In addition to Autonomous Vehicles, he is the author of Product Strategy for High-Technology Companies, which has been used by many technology-based companies to guide their strategies.
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