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Gene Munster: Tesla Could Add Billions in Revenue With Ride-Sharing

By BenZinga
Capital Markets

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Tesla Inc (NASDAQ: TSLA) is still ironing out the kinks in its Model 3 production, but at least one observer says one of the company’s biggest long-term opportunities has nothing to do with selling cars.

The chance of Tesla operating its own fleet of self-driving ride-sharing vehicles by 2023 is greater than 50 percent, Loup Ventures managing partner Gene Munster said in a Wednesday note.
A ‘Substantial Advantage’ Over Ride-Share Competitors

Tesla’s fleet could add between $2 billion and $6 billion in annual high-margin revenue by that time, Munster said.

Tesla owners would also likely be allowed to add their vehicles to Tesla’s fleet on a part-time basis, similar to the system used by  …

Read the full story at Benzinga.

Photo: Tesla

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