1 Wall Street Analyst Says Tesla Full Self-Driving Could Be Huge. Time to Buy the Stock?
Tesla (NASDAQ: TSLA) stock is worth roughly $750 billion today, but with sales growth slowing and margins compressing as it lowers prices, it's become increasingly clear that much of the company's valuation is related to its AI and self-driving potential, rather than its existing electric vehicle (EV) business.
Ark Invest's Cathie Wood, arguably Tesla's biggest bull, sees robotaxis making up a $9 trillion market by 2030 with Tesla as the leader. Her investment firm believes that Tesla's leadership role will help drive its stock price to $2,000 per share by 2027, representing a gain of nearly 1,000%.
Now, Wood has some company in her bullish long-term forecasts for the EV leader. Goldman Sachs analyst Mark Delaney recently issued a note on Tesla's artificial intelligence (AI) and full self-driving (FSD) opportunities, estimating FSD is already generating $1 billion to $3 billion in annual revenue, and believes the software opportunity for the company, mostly in FSD, would be worth $10 billion to $75 billion in revenue by 2030.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 18.28% compared to the current price of 202.9 € for Tesla Inc.
