Tesla has completed over 1M unsupervised driverless miles across seven cities in three states in about seven months, a pace four times faster than Waymo's initial million miles, according to the model. ARK also estimates that Tesla's operational costs per mile will be about 40% lower than Waymo's next-generation fleet. Scaling the service depends on the release of FSD V15 late this year, with cumulative spending on AI infrastructure projected to rise from $7B to $225B.
Tuesday, October 20, 2026
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ARK Invest Forecasts Tesla $20.4 Trillion Market Cap by 2031
US Markets1 day ago
A baseline target of $4,400 per share would give the electric car maker a total worth of $17.5T, based on a new analysis. The updated model from ARK Invest projects a bull case of $5,000 per share, which would bring Tesla's market capitalization to $20.4T by 2031. This growth is predicated on robotaxis comprising roughly 80% of the company's enterprise value, with a base case of 8.1M vehicles generating $753B in ride-hailing revenue and 1M Optimus robots bringing in $212B.
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