Ark Invest calls robotaxis US$10tr opportunity, backs Tesla

Cathie Wood, Chief Executive of Ark Investment Management and a key figure behind Tesla’s stratospheric stock valuation, has made her latest bullish projection: the autonomous driving segment will be worth as much as US$10tr by the decade’s end. She further predicted that Tesla’s robotaxis would account for as much as 90% of its future stock value, which could go as high as US$2,600 within the same timeframe.