Cathie Wood Says Robotaxi Revenue is Headed Toward $4 Trillion -- 2 Growth Stocks to Buy Now

Cathie Wood is the CEO and founder of Ark Invest, an asset management company focused on disruptive technologies like DNA sequencing, blockchain, and robotics. But few technologies have as much disruptive potential as robotaxis. Ark believes autonomous ride-hailing platforms could generate $4 trillion in revenue by 2027 and $9 trillion in revenue by 2030.

Here are two growth stocks that should benefit from that tailwind.

(NASDAQ: TSLA) once again led the industry in battery electric vehicle (BEV) sales in the first quarter, capturing 24% market share. Tesla also achieved the highest operating margin among volume automakers last year, something CEO Elon Musk attributes to unparalleled manufacturing technology. More importantly, management believes deliveries will increase at 50% annually over the long term, and CFO Zach Kirkhorn believes the company will retain its industry-leading margins in the future.

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Source Fool.com