What Happened
Elon Musk's Companies Target Robotaxis, Electric Aviation, And Space Travel
Tesla’s Chief Financial Officer, Vaibhav Taneja, announced that the company aims to own all transportation on earth, with ambitions extending beyond robotaxis. Tesla is likely to work with The Boring Company to move transportation underground and may also explore electric aviation. SpaceX is targeting intercontinental travel with Starship, which could cut long-haul flight times to under 30 minutes. ARK Invest believes that robotaxis alone will create substantial value for Tesla shareholders over the next five years. The company is also considering a merger with SpaceX, which could create a powerhouse in the industry. This was reported by ARK Invest.