Tesla Makes Money Selling Electric Vehicles, But 67% of Its Earnings Might Soon Come From This Instead

Tesla (NASDAQ: TSLA) sells more passenger electric vehicles (EVs) than any other car maker, and they account for 84% of the company's revenue today.

However, seasoned technology investor Cathie Wood thinks Tesla stock is the biggest artificial intelligence (AI) opportunity in the world. The company is using AI to develop its industry-leading autonomous self-driving vehicle software.

Wood's investment firm, Ark Investment Management, released a set of financial models that suggest electric vehicle sales won't be the primary source of Tesla's financial success for much longer. With the help of AI, 67% of the company's earnings will come from something else entirely by 2027! Here's what investors need to know.

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Source Fool.com