Tesla’s Valuation Shift: From EVs to Robotaxis and AI

Tesla's market narrative is undergoing a radical transformation. While the company built its reputation on electric vehicles, analysts now predict its future valuation will hinge on autonomous mobility and artificial intelligence. Wedbush Securities' Dan Ives projects Tesla's robotaxi initiative could add $1-2 trillion to its market cap by 2026—potentially eclipsing its automotive business.

Cathie Wood of ARK Invest forecasts a $5-10 trillion global robotaxi market, with Tesla positioned to capture significant share. The convergence of autonomous driving and AI represents what Ives calls "the golden intersection" of technological disruption. Elon Musk's repeated—though unfulfilled—predictions about full self-driving capabilities underscore both the ambition and complexity of this transition.