The robotaxi industry is currently tiny. But in the coming years, the market should scale significantly in size. Tesla (NASDAQ: TSLA) has quickly emerged as a serious competitor. And looking at various market forecasts, it's not hard to see why the market is so excited about this opportunity.
Goldman Sachs estimates the global robotaxi market will reach $415 billion by 2035. The U.S. portion represents just $48 billion of that entire pie, but autonomous trucking could add even more upside to that figure. "Autonomous trucking is expected to become cheaper per mile than human-driven trucks in 2028 in the U.S.," the bank predicts, "with the global AV trucking market potentially reaching $560 billion in 2035."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In my experience, plenty of bullish research on lucrative multidecade opportunities tends to overestimate near-term growth. But the opposite is happening with Goldman Sachs and its robotaxi forecasts. Previously, the bank estimated that the robotaxi market would reach $7 billion by 2030. More recently, it has been forced to up that figure to $19 billion -- not an insignificant change.
Many Wall Street **** ysts are highly optimistic about Tesla's ability to capture a disproportionate amount of value from the robotaxi opportunity. Wedbush **** yst Dan Ives, for example, believes Tesla will ultimately control 80% of the market. Yet Tesla has repeatedly faced challenges scaling its robotaxi business. These struggles have weighed heavily on its stock price, which has fallen nearly 30% year to date.
#tesla #NVIDIA #trucking
Goldman Sachs estimates the global robotaxi market will reach $415 billion by 2035. The U.S. portion represents just $48 billion of that entire pie, but autonomous trucking could add even more upside to that figure. "Autonomous trucking is expected to become cheaper per mile than human-driven trucks in 2028 in the U.S.," the bank predicts, "with the global AV trucking market potentially reaching $560 billion in 2035."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In my experience, plenty of bullish research on lucrative multidecade opportunities tends to overestimate near-term growth. But the opposite is happening with Goldman Sachs and its robotaxi forecasts. Previously, the bank estimated that the robotaxi market would reach $7 billion by 2030. More recently, it has been forced to up that figure to $19 billion -- not an insignificant change.
Many Wall Street **** ysts are highly optimistic about Tesla's ability to capture a disproportionate amount of value from the robotaxi opportunity. Wedbush **** yst Dan Ives, for example, believes Tesla will ultimately control 80% of the market. Yet Tesla has repeatedly faced challenges scaling its robotaxi business. These struggles have weighed heavily on its stock price, which has fallen nearly 30% year to date.
#tesla #NVIDIA #trucking
2 months ago
