Tesla Makes Money Selling Electric Vehicles, but 86% of Its Earnings Could Soon Come From This Instead

Cathie Wood is the head of Ark Investment Management, which operates several exchange-traded funds (ETFs) focused on innovative technology companies. Tesla (NASDAQ: TSLA) stock is one of the top positions across Ark's portfolios, and Wood calls it the biggest artificial intelligence (AI) opportunity in the world thanks to the company's full self-driving (FSD) software. Tesla currently generates around 79% of its revenue by selling passenger electric vehicles (EVs), but Ark released a set of financial models earlier this year that suggest that number is about to shrink significantly. In fact, by 2029, Ark predicts a whopping 86% of Tesla's earnings will come from something else entirely.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool