Nvidia's CEO, Jensen Huang, believes Tesla possesses a multi-trillion dollar opportunity in artificial intelligence, extending beyond its electric vehicle business. Tesla's AI advancements, particularly in autonomous driving and robotics, are seen as key drivers. The company's expertise in manufacturing, material science and AI positions it to capitalise on emerging technologies like robotaxis and humanoid robots.
Tesla's robotaxi service, utilising proprietary AI, is already operational in Austin, Texas. The company plans to release humanoid robots, known as Optimus, potentially by early next year. Success in these areas could significantly boost Tesla's stock price and market valuation. Analysts predict that AI and autonomous driving could unlock substantial value for Tesla, potentially reaching a $2 trillion market capitalisation by late 2026.
However, challenges remain, including competition from other companies in the EV and AI sectors, regulatory hurdles, and the need to scale production and demonstrate reliability. Despite these challenges, Tesla's AI capabilities and strategic initiatives position it as a major player in the evolving AI landscape.
