Tesla Makes Money Selling Electric Vehicles, but 86% of Its Earnings Could Soon Come From This Instead

Tesla (NASDAQ: TSLA) is one of the world's largest manufacturers of electric vehicles (EVs), but rising competition is slowly chipping away at its market share. EV sales are still the main driver of Tesla's financial results, but CEO Elon Musk is trying to future-proof the company by steering its resources into new products like autonomous vehicles and robotics.Ark Investment Management, which was founded by seasoned tech investor Cathie Wood, predicts autonomous vehicles will transform Tesla's economics. In fact, Ark thinks a whopping 86% of the company's earnings will come from self-driving robotaxis by 2029, paving the way for a stock price of $2,600. That would be a 615% increase from where Tesla stock trades today.How realistic is Ark's forecast? Let's dive in.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool