Prediction: Tesla Stock Might Soar 75% Over the Next 15 Months If This Happens

Due to rapid advancements in artificial intelligence (AI) and machine learning, many experts believe that the age of autonomous driving is finally upon us. Cathie Wood, the chief executive officer of Ark Invest, for example, believes the global robotaxi market could eventually be worth $10 trillion. Tesla (NASDAQ: TSLA) is arguably leading the robotaxi charge after years of investment and lofty promises from its CEO, Elon Musk. The company launched a pilot version of its robotaxi service earlier this year in Austin, Texas. In August, Tesla expanded service to parts of San Francisco, with an eye on expanding the service to even more cities during the coming months and years. How big could the robotaxi opportunity be for Tesla? One prominent analyst thinks this division alone could add nearly $1 trillion to Tesla's market cap by the end of 2026. That suggests about 75% in potential upside over the next 15 months. His prediction has a sound rationale, but investors should be aware of a few risk factors before jumping in.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool