A notable investor, Gary Black from The Future Fund LLC, anticipates a substantial increase in Tesla Inc. shares, envisioning a climb to $500. This optimistic outlook is contingent on Tesla successfully deploying a significant number of unsupervised Robotaxis, particularly in key locations such as Austin. Black emphasizes that achieving this operational milestone would not only validate Tesla's advanced autonomous driving capabilities but also signal its potential for global scalability. Such a breakthrough, he believes, would ignite a robust 17% rally in the company's stock, underscoring the market's positive reaction to tangible progress in self-driving technology.
The push for unsupervised autonomy is a central theme in Black's investment thesis for Tesla. He views the widespread deployment of these vehicles as a "major catalyst" that could redefine the company's market position. However, Black also acknowledges the evolving competitive landscape, noting that Tesla may not be the sole innovator in this field. He points to Nvidia Corp.'s recent unveiling of Alpamayo AI technology for autonomous vehicles, suggesting that other industry players are also making significant strides, potentially democratizing unsupervised autonomy across the automotive sector. This indicates a dynamic environment where technological advancements from various companies could accelerate the adoption of self-driving solutions.
The discussion around autonomous vehicles also includes a focus on safety and reliability, especially in light of recent incidents involving Waymo's Robotaxis. Reports have highlighted instances where Waymo vehicles were involved in collisions, including one with parked cars and another with a child near an elementary school, leading to investigations by the NHTSA. In contrast, a recent social media video showcased a Tesla unsupervised Robotaxi skillfully avoiding a potential collision with a Waymo vehicle in Austin, demonstrating the advanced reactive capabilities of Tesla's system. These real-world scenarios underline the critical importance of robust and safe autonomous technology for market confidence and broader acceptance.
The future of mobility hinges on continuous innovation and the responsible deployment of advanced technologies. Tesla's pursuit of unsupervised Robotaxis exemplifies a bold vision that, if realized with utmost safety and efficiency, holds the promise of transforming urban transportation. This advancement not only suggests significant financial upside for pioneering companies but also contributes to a future where mobility is more accessible, efficient, and potentially safer for everyone.