Tesla’s biggest bull with $2,000 price target sees robotaxi service launching ‘soon’
Ark Invest, arguably Tesla’s biggest bull with a $2,000 price target on the TSLA stock, put together a weighted average prediction for when Tesla would launch its robotaxi service.
Recently, Tesla has made it clear that it is virtually betting the house on self-driving.
CEO Elon Musk even went as far as to say that Tesla solving self-driving is the difference between Tesla being worth trillions or “basically nothing.”
As we have previously reported, Musk believes that not many are seeing the value in Tesla eventually pushing self-driving capability to its fleet of millions of vehicles through over-the-air software updates. However, we think he might be confusing people not understanding the value with people having serious doubts about Tesla being able to do it in the first place.
One group that does believe it is Ark Invest, an investment firm that has long held one of the highest price targets on Tesla’s stock.
The firm, which owns over $1 billion worth of Tesla shares, has a $2,000 price target on the stock, which represents a massive upside over the current $160 price.
But a majority of that upside is based on Tesla delivering its long-held promise of releasing its robotaxi service to its existing fleet.
In a recent update to its Tesla model, Ark says that it is confident Tesla will soon launch its robotaxi service and even puts a prediction that it should happen in late 2024:
ARK has grown increasingly confident that Tesla will launch a robotaxi service soon. Our updated Monte Carlo model includes a range of launch dates, with late 2024 as the weighted average of all cases, as shown below.
That’s based on a simulation of the commercialization of Tesla’s robotaxi service:
Musk himself said just last week that he expects Tesla to achieve “full autonomy” this year, but as we reported, it’s not clear what he means by “full autonomy.”
Ark’s definition is clearer. They are talking about Tesla releasing a software update making its whole fleet of millions of cars produced since 2016 fully self-driving and offering robotaxi services through a new Uber-like app.
Electrek’s Take
That would indeed be a game changer that would create a lot of value for Tesla, and the end of 2024 still leaves more than a year to achieve it.
But as an FSD beta tester, I have difficulties imagining Tesla going from the current FSD beta to a robotaxi service only through software updates.
It’s not impossible, but I find it hard to believe. Although, the “start of commercialization” would only mean that – the start. I can see Tesla achieving some level of self-driving capacity that could enable robotaxi services in some geofenced areas by then, but that isn’t likely to be pushed to millions of vehicles like Musk has promised for years.
FTC: We use income earning auto affiliate links. More.
With 615 horsepower, the Cadillac Lyriq-V is the quickest Caddie to date. Cadillac’s first V-Series EV will outsprint a CT5-V Blackwing, and it can be yours for under $80,000.
The 2026 Lyriq-V EV is the fastest Cadillac ever
We knew it was coming soon. Cadillac teased the Lyriq-V for the first time in late October, giving a sneak peek at its first electric V-Series vehicle.
Cadillac’s performance brand is known for iconic sports cars like the CT5-V Blackwing, but the new EV pushes the “V-Series sub-brand to new heights,” boasted John Roth, vice president of Global Cadillac.
As the first EV to wear the V-Series badge, Cadillac promised the Lyriq-V would be powerful, but we didn’t know it would be this fast.
Cadillac officially introduced the 2026 Lyriq-V on Thursday, revealing additional specs, prices, and more. With an estimated 615 hp and 650 lb-ft of torque and a standard dual motor AWD powertrain, the EV is expected to accelerate from 0 to 60 mph in just 3.3 seconds, making it the quickest Cadillac to date.
At that speed, it would outrun the Cadillac CT5-V Blackwing with a 0 to 60 mph sprint time in 3.4 seconds. Although the CT-5 packs slightly more horsepower (668 hp), the Lyriq-V’s EV powertrain unlocks more powerful, instant acceleration.
The added power is enabled by an added Velocity Max feature, which “unleashes the vehicle’s full performance capability” with a surge of power and acceleration.
Interior and exterior design, prices, and features
The V-Series model differs from the traditional Lyriq with a lower center of gravity and custom front and rear bumpers. It also features V-Series badging on the rear doors and tailgate, V-pattern mesh on the lower grille, and 22″ wheels with the logo etched into the side.
Inside, the performance EV borrows features from the Lyriq, such as a panoramic fixed glass roof, a 23-speaker AKG sound system, and a massive 33″ LED display screen.
Cadillac distinguishes the V-Series from the traditional Lyriq by adding the V-Series logo, a V-mode button, and a sports rim with hand grips. Other unique features include a custom infotainment experience with a “V-Series persona,” a signature V-Series illuminated sill plate and V-pattern detailing on the seatbacks.
A 102 kWh battery pack is expected to provide a range of up to 285 miles. The 2026 Cadillac Lyriq-V starts at $79,990, including the destination fee.
In comparison, the Tesla Model Y Performance starts at $51,490 and has an EPA-estimated range of up to 277 miles. It also includes AWD and can accelerate from 0 to 60 mph in 3.5 seconds.
Cadillac’s new performance EV will be sold in the US, Canada, Australia, and New Zealand. Other markets will be announced closer to launch. GM will begin producing the new Lyriq-V at its Spring Hill, TN, manufacturing plant in early 2025.
What do you think of the Cadillac’s new performance EV? Would you buy one for $80,000? Or are you sticking with the Model Y Performance? Drop us a comment below to let us know.
FTC: We use income earning auto affiliate links. More.
Tesla has announced some important price hikes across its entire lineup in Canada amid incentives going away and a struggling Canadian dollar.
The Canadian EV market is already having problems amid announcements that the federal incentive program will be eliminated. The same thing is happening to Quebec’s own program, which was the most generous in the country—making the province the leader in EV adoption in Canada.
Now, Tesla, which sells more EVs than anyone in Canada, announced that it is increasing prices on all its lineup.
Here are the price increases for each Tesla model:
- Model 3:
- Long Range RWD: $4,000
- Long Range AWD: $8,000
- Performance: $9,000
- Model Y: $4,000
- Model S: $4,000
- Model X: $4,000
Buyers can still get $1,300 CAD off of new Model Y, Model S, or Model X purchases with a referral code.
Tesla never comments on price changes and therefore, we don’t know the official reasons for these specific price increases, but we can make some educated guesses.
First off, the Canadian dollar has crashed in comparison to USD over the last few months:
Furthermore, the timing of announcing that the price increases will take place on February 1st has led some to link this to the upcoming tariff wars that President Trump signaled against Canada.
The US President said that he plans to impose 25% tariffs on any goods coming from Canada, and Canada said that it would retaliate.
Electrek’s Take
Obviously, this is not good for the EV market in Canada.
The removal of incentives is already hurting the market, and now the base price of the most popular EVs in the country, Tesla vehicles, is also going up before incentives.
This will be a bad year for EVs in Canada.
Hopefully, things will settle down and we will get more clarity once the tariff war actually starts.
FTC: We use income earning auto affiliate links. More.
-
Sports2 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports10 months agoStory injured on diving stop, exits Red Sox game
-
Sports1 year agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports3 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Business2 years agoBank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway