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.
Environment
Archer Aviation is planning an air taxi network around the Miami metro area including airports
Archer Aviation has announced partnerships in the Miami metropolitan area to establish a new air taxi network to support travelers around several key areas in Southern Florida, including local airports.
As you probably alrready know at this point. Archer Aviation ($ACHR) is a California-based developer of eVTOL and eCTOL aircraft that it continues to work toward implementing into commercial air taxi rides in the future. The plans for its network of sustainable aircraft have expanded to cities like New York and Chicago, as well as other countries like Japan and the United Arab Emirates.
In California, south of its headquarters, Archer intends to take to the skies above Los Angeles with a proposed air taxi network announced in August 2024. Building upon that network, Archer shared earlier this year that it had become the exclusive air taxi provider of the 2028 Olympic Games in Los Angeles.
On the other southern coast of the United States, Archer is planning another exciting air taxi network that includes the option of quiet, sustainable air travel around Miami, Fort Lauderdale, and several other key landmarks.
Archer partners up to establish Miami air taxi network
Archer Aviation shared details of its new air taxi network plans for Miami in a press release early this morning. If and when it comes to friuition, the proposed air taxi network will be a result of several new partnerships established by Archer in the Miami metropolitan area.
Some of those partnerships include real estate company Related Ross, Apogee Golf Club, Hard Rock Stadium – where existing heliports will be configured for eVTOLs and/or new air taxi vertiports will be erected. Stephen Ross, CEO and Chairman of Related Ross and Owner of the Miami Dolphins:
Our partnership with Archer marks a pivotal step in expanding South Florida’s regional connectivity through cutting-edge technology. We are integrating Archer’s electric vertical takeoff and landing aircraft into our flagship locations across South Florida, including the Hard Rock Stadium in Miami, Related Ross developments in West Palm Beach, and Apogee Club in Hobe Sound. We’re excited to embrace a forward-thinking vision that transforms how people and businesses move across the region.
According to Archer, the new air taxi network will connect passengers to populated areas around Miami Fort Lauderdale, Boca Raton and West Palm Beach, offering 10 to 20 minute flights. Plans also include easier travel to major airports around Southern Florida, including Miami International Airport (MIA), Fort Lauderdale–Hollywood International Airport (FLL), and Palm Beach International Airport (PBI), plus several general aviation airports. Miami Mayor, Francis Suarez, also spoke:
Miami has never been afraid to bet on the future. We’re a city that attracts visionaries, embraces breakthrough technology, and turns bold ideas into real impact. For years, I’ve worked with Archer as they’ve advanced a vision for an air-taxi network that will elevate Miami’s position as a global capital for innovation and mobility. What they’re building isn’t just transformational transportation, it embodies the Miami mindset: we lead, we innovate, and we redefine what’s possible.
Archer did not share a timeline on when this air taxi network may be operational around Miami, but we’d wager it’s still at least a couple of years away given the need for additional eVTOl development and FAA certifications in order to begin commercial operations in the US.
FTC: We use income earning auto affiliate links. More.
Germany’s largest offshore wind farm hit a big milestone: The first turbine at EnBW’s He Dreiht project has produced its first kilowatt-hour of electricity and sent it into the grid.
More turbines are expected to come online over the coming weeks. European energy provider EnBW has already installed 27 of the wind farm’s 64 turbines, all of which are scheduled to be commissioned by summer 2026.
Peter Heydecker, EnBW board member for Sustainable Generation Infrastructure, described the November 25 milestone as a “significant moment for EnBW.” With 960 megawatts (MW) of total capacity, He Dreiht is now Germany’s largest offshore wind farm.
Vestas supplied the 15 MW turbines, marking their world debut. Nils de Baar, president of Vestas Northern and Central Europe, said the giant turbine’s technology sets a new standard for offshore wind. “Its efficiency and performance enable a significant increase in energy yield per turbine.”
Just one rotation of the 15 MW turbine’s rotor can power the equivalent of four households for a day. The hub stands 142 meters (466 feet) tall, and the rotor’s 236-meter (774-foot) diameter sweeps a 43,742-square-meter (10.8-acre) area — roughly the size of six football fields. To put the scale into perspective, EnBW’s first offshore project, Baltic 1 in 2010, used 2.3 MW turbines.
EnBW wrapped up the wind farm’s internal cabling in August. Those lines connect all the turbines and feed into a converter platform operated by transmission system operator TenneT. That’s where the power is collected, converted from AC to DC, and sent to shore through two high-voltage DC cables.
Once complete, He Dreiht will generate enough electricity to power about 1.1 million households. The project is being built without state funding and sits roughly 85 kilometers (53 miles) northwest of Borkum and 110 kilometers (68 miles) west of Heligoland. EnBW’s offshore office in Hamburg is coordinating the build.
A partner group made up of Allianz Capital Partners, AIP, and Norges Bank Investment Management owns 49.9% of the project. Total investment comes in at around €2.4 billion.
Read more: China’s surge pushes global wind toward fastest growth ever
If you’re looking to replace your old HVAC equipment, it’s always a good idea to get quotes from a few installers. To make sure you’re finding a trusted, reliable HVAC installer near you that offers competitive pricing on heat pumps, check out EnergySage. EnergySage is a free service that makes it easy for you to get a heat pump. They have pre-vetted heat pump installers competing for your business, ensuring you get high quality solutions. Plus, it’s free to use!
Your personalized heat pump quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. – *ad
FTC: We use income earning auto affiliate links. More.
Environment
BYD tried crushing its $180K luxury SUV with a 2-ton tree and it barely left a mark [Video]
![BYD tried crushing its $180K luxury SUV with a 2-ton tree and it barely left a mark [Video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/07/BYD-ultra-luxury-EV-Europe.jpeg?resize=1200,628&quality=82&strip=all&ssl=1)
The Yangwang U8L is among the most expensive Chinese vehicles, starting at about $180,000. To prove it’s built for just about anything, BYD dropped a 2-ton tree on it, three times, and the ultra-luxury pretty much brushed it off.
BYD drops a tree on its ultra-luxury SUV during testing
BYD launched the Yangwang U8L in September, a long-wheelbase version of the U8 off-road SUV. The U8 was first introduced in September 2023 as the first vehicle from BYD’s ultra-luxury sub-brand, Yangwang.
Yangwang is a new energy vehicle (NEV) brand that sells high-end plug-in hybrids (PHEVs) and 100% battery electric (BEV) vehicles as BYD expands into new segments.
The U8L is Yangwang’s fourth vehicle, following the U8, U9, and U7. It’s available in China with a quad-motor extended-range electric vehicle (EREV) system, delivering a CLTC range of 200 km (124 miles) on battery power alone.
A 2.0-liter turbocharged gasoline engine serves as a generator, delivering a combined CLTC range of 1,160 km (720 miles).
Measuring 5,400 mm in length, 2,049 mm in width, and 1,921 mm in height, the Yangwang U8L is even bigger than the Rolls-Royce Cullinan and Range Rover Long Wheelbase.
BYD’s ultra-luxury SUV is priced from 1.28 million yuan ($180,000), making it one of the most expensive models from a Chinese brand.
It may look pretty, but the Yangwang U8L is built for far more than just good looks. Like the U8, the long-wheelbase version is equipped with advanced features such as emergency float mode, which allows it to float on water for up to 30 minutes, tank turns, crab walking, and more.
To prove its durability, BYD engineers put the luxury SUV through the paces, dropping a massive 2-ton tree on it, not once, but three times.
During the final drop, the company said the maximum impact energy reached 50.4 kJ, or about 37,200 lb-ft. After three consecutive drops, the Yangwang U8L barely even got a scratch. The body structure remained intact, the door still opened, the columns didn’t bend, and the vehicle could even drive like normal.
FTC: We use income earning auto affiliate links. More.
-
Sports2 years agoStory injured on diving stop, exits Red Sox game
-
Sports3 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports2 years agoGame 1 of WS least-watched in recorded history
-
Sports3 years agoButton battles heat exhaustion in NASCAR debut
-
Sports3 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment3 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment1 year agoHere are the best electric bikes you can buy at every price level in October 2024