Tesla very likely to roll out Autonomous Robotaxi this year - backed by solid safety data and huge progress
It is well-known that Ark has bought in many Tesla's share recently. This article backed by solid data indicates that Ark's decision is a business calculated move and Tesla Autonomous Robotaxi will very likely to roll out this year.
Cathie Wood, CEO of Ark Investment, put the money where her mouth is.
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Technology research and investment firm Ark Invest says solid safety data and the huge progress being made in artificial intelligence could see Tesla roll out its first fully autonomous Robotaxi this year.
Ark says that 22% of its simulations predicted that Tesla will commercialise its first fully autonomous Robotaxi this year with another 33% of simulations predicting first commercialisation will happen next year. Ark believes regulators will be won over by Tesla’s irrefutable safety data.
“Moreover, accident statistics suggest that Tesla already has achieved performance superior to human drivers. According to our research, adjusting for its use on surface streets only, Tesla’s FSD is 5X safer than a manually driven Tesla.”
Ark Invest is well known for its optimism on Tesla’s future. The firm owns over $1 billion worth of Tesla shares and believe the share price will hit $US2,000 by 2027. Ark also believes that the global car market will shift to EVs much faster than many currently predict.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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