Wolfe Research analyst Emmanuel Rosner is bullish on Tesla’s robotaxi business, projecting $250 billion in revenue by 2035 with 50% market share. Rosner warns of near-term costs and earnings impact from expanding the fleet and Optimus robots. Despite a $1.25 trillion market cap, Tesla’s stock price may already reflect success, with potential risks in competition and regulatory issues.

Rosner’s note highlights Tesla’s path to robotaxi dominance, with projections of significant revenue growth and market share. However, the analyst also raises concerns about near-term costs and earnings impact from fleet expansion and robot development. Despite Tesla’s high market cap and stock price, risks remain in the competitive and regulatory landscape.

Read more at Nasdaq: One Analyst Thinks Tesla’s Robotaxi Revenue Could Soar to $250 Billion by 2035, But Here Are 2 Things Investors Need to Know