Bears Hate This Cheap Stock -- That's Exactly Why I Might Buy
Robotaxi hype is rising, except for this cheap stock.
Overview
There's a lot of hype surrounding robotaxis.
Cathie Wood, CEO of Ark Invest, believes robotaxis will one day be a $10 trillion global industry. A survey of experts by McKinsey & Co., meanwhile, estimates that "the global rollout of robotaxis is now expected to become reality at a large scale in 2030." The consultancy stresses that "robotaxis will be the first commercial application for L4 in mobility -- not privately owned cars."
Details
Much of Tesla's (NASDAQ: TSLA) $1.2 trillion valuation is now tied up in robotaxi growth opportunities. Shares trade at 13 times sales.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.