According to ARK's research, autonomous ride-hailing can turn cars — stranded assets that are used less than 5% of a day — into assets that generate significant recurring cash flow: Each Tesla autonomous ride-hailing vehicle can generate around $20,000 a year,” wrote Tasha Keeney, head of investment analysis at ARK.
Gini added that this will help Tesla's share price meet Ark's 2026 target of $4,600 per share, up 2,500% from current market levels