From Nasdaq: 2025-05-10 04:46:00

Cathie Wood’s bullish forecast for Tesla predicts a 9x increase in share price by 2029. Wood believes Tesla’s future success lies in autonomous ride-hailing services, estimating 90% of earnings will come from this sector. Tesla’s robotaxi service debut in Austin is imminent, but competition from Waymo and Uber looms.

Wood predicts Tesla’s robotaxi service will be cost-effective for consumers compared to buying a new car. Musk aims to scale up Tesla’s robotaxi fleet quickly after its Austin launch. Tesla faces stiff competition from Alphabet’s Waymo and ride-hailing giants Uber and Lyft in the autonomous vehicle market.

Despite Tesla’s recent struggles, Wood and Musk are optimistic about the company’s resilience. Tesla’s revenue declined in Q1, but Musk believes their localized manufacturing approach will help mitigate tariff impacts. Wood and Musk share confidence in Tesla’s potential success in the face of challenges.

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2. In other news, the latest jobs report showed a significant decrease in unemployment rates, with the national average dropping to 4.2%. This marks a steady recovery from the pandemic-induced economic downturn.

3. On the international front, tensions are rising in Ukraine as Russian troops amass along the border. The US and NATO have expressed concerns over potential military escalation, calling for diplomatic solutions to the conflict.

4. Climate change continues to be a pressing issue, with a new report highlighting the impact of rising temperatures on global food security. The study warns of crop failures and food shortages if immediate action is not taken to address environmental challenges.



Read more at Nasdaq: It’s About to Be Put-Up-or-Shut-Up Time for Cathie Wood’s Bullish View of Tesla