To The Moon

Dan Ives, an analyst at Wedbush Securities, believes that Tesla's autonomous taxi service, driven by advancements in robotics and autonomous driving technology, may pose a significant threat to...

Tesla could capture 5% of the estimated $9 trillion humanoid robot market by 2050, RBC Capital Markets said in a Thursday note.RBC said Tesla's management highlighted its unified platform and integration with its full self-driving system as the core competitive advantages of its Optimus humanoid.The company's targeted applications for Optimus span the consumer, hospitality, and manufacturing sectors, RBC said. The investment firm estimates Tesla-specific total addressable market within these sectors to make up $4.3 trillion of its projected $9 trillion humanoid market in 2050.Based on its assumptions, RBC said Tesla could generate about $404 billion in revenue related to the humanoid market by 2050, with a 15% market penetration in the US, 8% in the EU, and 4% in China.RBC raised its price target on Tesla to $500 from $325 and maintained its outperform rating.Price: 423.90, Change: -11.64, Percent Change: -2.67

Tesla shares slumped 5.5% in premarket trading. President Donald Trump lashed out at Elon Musk on Tuesday, accusing the Tesla Inc. and SpaceX chief executive officer of benefiting excessively from gov