Tesla’s valuation could soar by another $150 billion thanks to the rise of the robo-taxi, RBC says

• Tesla shares could jump another 19% thanks to the rise of robo-taxis, according to RBC.
• That would add over $150 billion to the EV giant’s total market capitalization.
• Robo-taxis “could potentially transform society” and account for over 70% of Tesla’s future value, analysts said.

Tesla’s market capitalization could soar by over $150 billion thanks to a looming surge in demand for robo-taxis, according to RBC Capital Markets.

The self-driving taxi “could potentially transform society more than anything else in our lifetimes” and make up over 70% of the EV giant’s future value, a team of analysts led by Tom Narayan said in a note to clients Thursday.