Tesla Expected to Hit $2,000 per Share by 2027 with a $6 Trillion Enterprise Value, According to ARK Invest
Tesla is expected to reach $2,000 per share by 2027, with a massive $6 trillion enterprise value, according to ARK Invest. This prediction is based on several factors, including the potential success of Tesla’s robotaxi business, which ARK believes will contribute 58% of the expected enterprise value. Electric vehicles are also projected to account for 62% of revenues, with energy storage contributing 3%. This projection is extremely sensitive to the launch of the robotaxi business, but ARK believes that Tesla could generate earnings from both vehicle sales and a recurring ride-hail revenue stream, which could generate software-like margins.
EUR/GBP Gains for Second Straight Day Near Multi-Day Top Despite Mixed PMI Prints
The EUR/GBP currency pair continues to gain traction for a second straight day, despite mixed PMI prints from both the Eurozone and the UK. The disappointing UK Retail Sales figures and a negative surprise from the UK Manufacturing PMI add to the British Pound’s underperformance, acting as a tailwind for the EUR/GBP cross. While the Eurozone PMI data remains fairly strong, the rising bets for a Bank of England rate hike in May could cap further gains. Learn more about the factors driving the EUR/GBP cross and how they could impact your trading decisions.
How China’s AI Regulations Could Impact the Development of Chatbots
China’s proposed regulations on AI development and use could have significant implications on the future of chatbot development in the country. The Cyberspace Administration of China has proposed rules that would hold businesses accountable for AI content and data security, as well as comply with the state’s censorship and security requirements. Companies developing chatbots in China will need to comply with these regulations to operate within the country, which may limit their ability to innovate and compete globally. Learn more about China’s approach to regulating AI and its potential impact on chatbot development.