Cathie Wood says Tesla’s stock could surge tenfold with autonomous taxis

Cathie Wood of Ark Investment predicts Tesla's move into autonomous taxis could trigger a tenfold increase in its stock price, valuing the global autonomous taxi market at $8-10 trillion. Despite recent setbacks, Wood remains bullish on Tesla's potential beyond electric vehicles, foreseeing substantial revenue and profit margins from its autonomous driving technology.

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By Bei Hu

Tesla Inc.'s move into the more profitable autonomous taxi platform business will be a catalyst for a roughly 10-fold increase in its share price, according to Ark Investment Management LLC's Cathie Wood.  

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