Tesla: Autonomous Fleet Of The Future
Investors negative on Tesla (TSLA) are possibly too focused on quarterly delivery numbers. Telsa has a potentially bright future in an autonomous fleet that earns owners money when they aren't using the vehicle. At least, Elon Musk sees such a future as a competitor against Lyft (LYFT) and Uber (UBER).
The 2 ride-sharing companies expect combined market caps in the $140 billion range and Tesla is only worth about $45 billion now. Remember that Tesla manufactures their cars and Lyft/Uber will have to purchase them or form a partnership.
People continue to hope for the demise of Tesla, yet the company has too many opportunities for the stock to collapse here. The AV event on April 22 will likely pump the stock up this month.
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