- ARK sees Tesla mass commercializing robotaxis, and has placed a $4,600 base case target on shares by 2026, with robotaxis accounting for 60% of that.
- Tesla faces increased regulatory scrutiny over its L2 semi-autonomous functions, which hinders deployment of fully-autonomous deployment.
- Rivals such as Mercedes are commercially selling L3 ADAS, a step higher than Autopilot/FSD.
- Apollo Go is moving ahead with commercial robotaxi rides, while WeRide is pushing forward with mass production of L2/L3 in China, challenging Tesla's path in the nation.
For further details see:
Is Cathie Woods Wrong About Tesla's Autopilot, FSD? Robotaxi Targets Overestimated