The potential market size is 10 trillion US dollars? Ark, a fund owned by “Sister Mu TSLA.US”, gives reasons to be optimistic about Tesla (TSLA.US) autonomous driving

Zhitong Finance learned that the company's investor ARK Investment Management is optimistic about the WeRobot event hosted by Tesla (TSLA.US). ARK is optimistic about Tesla's view that the company has a large data lake from customer vehicles, which gives it a significant advantage over competitors such as Waymo that lack data scale and manufacturing capacity. Although Tesla won't be the first company to provide a platform for autonomous driving, ARK believes it is likely the first company to scale.

Tasha Keeney, head of investment analysis at ARK Investment Management, said that although an online taxi helps Tesla expand its scale, it should not be a prerequisite for Tesla's robot taxi platform because all cars equipped with Tesla's self-developed hardware 3 and 4 chips can achieve full autonomous driving through wireless software updates. Keeney said ARK's research suggests Tesla could launch a comprehensive robot taxi network in 2025 or 2026.

Allegedly, one of the highlights of the event was Tesla CEO Elon Musk (Elon Musk), who said that the company may offer autonomous taxi services as low as $0.30 to $0.40 per mile on a large scale. In contrast, the average cost per mile in the Western online car-hailing market is around $2.4, while the average cost per mile for a personally owned car is around $0.70 per mile, Keeney emphasized. She pointed out that lower costs should make robot taxis highly competitive with human-driven ride-hailing platforms and attract a larger user base. ARK's research shows that Tesla is targeting a much larger market than Uber (UBER.US) and DiDi, with a global market size of over 10 trillion US dollars.