Analysts from Cathie Wood-led Ark Investment Management on Monday listed three updates provided by Tesla Inc TSLA during its second-quarter earnings call that it sees as effective drivers of growth. These updates are important, potential long-term drivers of value creation that Wall Street may have overlooked, the Tesla bulls said.
The Three Golden Updates:
Robotaxi: Tesla CEO Elon Musk suggested on Wednesday evening that its robotaxi is likely to generate ‘quasi-infinite’ demand. "It’ll be by far the highest units per hour of any vehicle production ever," Musk said. The analysts at ARK see robotaxis accounting for over two-thirds of Tesla’s enterprise value in 2027.
Full Self-Driving Software: Discussions are ongoing with a major automaker on licensing its FSD software, Musk said. As per ARK’s foresight, very few traditional automakers can create fully autonomous vehicles. However, Tesla, it believes, has an advantage in terms of data given that its fleet is now gathering more than 2 million miles of FSD data per day.
Dojo: According to Musk, Tesla is set to invest over $1 billion in its project Dojo Supercomputer by the end of 2024. Given that NVIDIA cannot supply enough GPUs to meet its needs, Tesla’s investment in Dojo will pay off over time, the analysts said. Further, it Is necessary, they added.
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