Gene Munster, co-founder and managing partner at Deepwater Asset Management, recently told CNBC that (NASDAQ: TSLA) is on pace to be a $3 trillion company. Munster highlighted opportunities related to artificial intelligence (AI), like full self-driving software and robotaxi services as key growth drivers.

His prediction lacks a specific timeline, but a $3 trillion valuation implies a 335% upside from Tesla's current market capitalization of $687 billion. Here's what investors should know.

Tesla reported disappointing financial results in the second quarter. Revenue increased a meager 2% to $25.5 billion, narrowly topping expectations. But GAAP net income nosedived 45% to $1.5 billion, missing estimates for the fourth consecutive time. The company has now recorded a profit margin below 6% in back-to-back quarters, something that hasn't happened in more than three years.

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Source Fool.com