Nasdaq extends winning streak, Microsoft delays AI tracker after backlash and G7 confronts China’s economic clout and Russia aid.
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While Musk didn't provide a specific timeframe for this claim, he also suggested Tesla could reach a $5 trillion to $7 trillion valuation as a robotaxi company. Probably not a good idea to say when, as a 2020 promise has passed and the full self-driving car should have been on the road in 2018."What has to happen is an autonomous taxi platform," Wood told CNBC's"Squawk Box,""Instead of selling a car and a software package and that's it.
Dan Ives, managing director of Wedbush, has a more immediate price target of $350 — and believes Tesla will have a market cap" This stands in stark contrast to Tesla's current market capitalization of $568 billion, more than half of its value in November 2021. In 2020,Not everyone shares this optimistic outlook. Chris Ailman, chief investment officer of the $333 billion California State Teachers' Retirement System, sees Tesla as primarily an automaker and finds its current valuation, at 61 times expected earnings, absurd.."That is absurd.
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