Tesla Inc. (NASDAQ:TSLA) is the world's most ambitious AI endeavor, according to ARK Invest CEO Cathie Wood, who predicts its autonomous vehicle efforts could generate trillions in revenue.
Autonomous Taxis Could Add $10 Trillion To Global GDP
In a June interview on The Diary of a CEO podcast, Wood described Tesla as “the largest AI project on earth,” a statement Elon Musk later reposted on X with a one-word affirmation: "True."
Wood added that ARK's research shows the ecosystem surrounding autonomous taxi networks could generate between $8 trillion and $10 trillion in global revenue within the next 5–10 years.
"To put that in context, the entire GDP of the world today is about $113 trillion," she said. "So $10 trillion is going to move the needle."
Musk Aligns With AI Vision, Says AVs Will Impact GDP Soon
Musk, who has long championed full self-driving (FSD) and robotaxi services, has said he expects autonomous vehicles to have a noticeable effect on GDP growth within the next one to two years.
While Tesla's second-quarter revenue dropped 12% year-over-year to $22.5 billion—missing estimates—analysts remain focused on the company's long-term AI bets.
Samsung To Build Tesla's Next-Gen AI6 Chip In Texas
In July, Tesla announced a $16.5 billion multiyear partnership with Samsung Electronics (OTC:SSNLF) to manufacture its AI6 chip domestically. The advanced chip is expected to power Tesla's next-gen autonomous systems, including its upcoming robotaxi fleet and Optimus humanoid bot.
Samsung already manufactures Tesla's current AI4 chip, while Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is handling the AI5. Analysts said the new partnership will give Tesla valuable foundry experience that competitors haven't allowed.
Dan Ives Says Tesla's AI Could Be Worth $1 Trillion
Wedbush analyst Dan Ives in June estimated that Tesla's AI and autonomous driving division alone could be worth $1 trillion, reinforcing investor optimism even as the company navigates revenue headwinds and political scrutiny.
Price Action: Tesla shares are down 20.21% year-to-date, but have climbed 52.17% over the past 12 months, according to Benzinga Pro.
Benzinga’s Edge Stock Rankings indicate that TSLA is under short-term pressure but continues to show upward momentum in the medium and long term. The stock holds a high quality score, though its value rating remains relatively low. Further performance details are available here.
Read Next:
Photo Courtesy: Photo Agency on Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
