This Opportunity Could Spell Huge Success for Tesla

Tesla (NASDAQ: TSLA) has been stealing headlines with its latest robotaxi launch in Austin, Texas. Yet shares have fallen by 20% over the past six months. If you're looking to buy into this iconic growth stock at a discount, this could be your best chance in years.On the surface, Tesla shares look pricey versus the competition. Shares trade at 11.5 times sales. Electric vehicle (EV) stocks Rivian Automotive and Lucid Group, meanwhile, trade at 2.7 times sales and 7.1 times sales, respectively. But looking at the robotaxi opportunity alone, Tesla's premium could be worth it.Cathie Wood, CEO of Ark Investment Management, believes the robotaxi market will be huge. "We think $8 to $10 trillion for the entire autonomous taxi opportunity throughout the world, from almost nothing," Wood said in March. "That's how quickly AI is going to cause these things to happen." Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool