<p class = "canvas-atom canvas-text Mb (1
Keeney says Tesla's battery technology far exceeds the competition. The company builds a battery and vehicle plant in Shanghai, China, where it targets the production of 500,000 vehicles over the next 12 months.
"Tesla is set up to be a leader in the room," Keeney says. "They have three years ahead in battery technology. They have three years ahead of autonomous data and autonomous hardware. So when we talk about the Tesla killers, we still think they are many years behind Tesla."
<p class = "canvas-atom teacher-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" And consumers notice. In the US, Tesla sold 21,225 Model 3s in June. General Motors ( GM ) sold only 1,659 Chevy Bolts last month, according to & nbsp; InsideEVs . " data-response time = "30"> And consumers notice it. In the US, Tesla sold 21,225 Model 3s in June. General Motors (GM) sold just 1 659 Chevy Bolts last month, according to InsideEVs.
But Musk has his views on more than just standard EV. He talked specifically about autonomy during the company's revenue calls and said that there is a significant margin potential for the existing fleet to upgrade to full self-driving.
“Tesla says that they will be complete by the end of 2019 during 2019 autopilot and so in 2020 they would start a taxi service. We think it will probably happen in 2021, says Kenney. "They basically need a certain amount of miles to prove to regulators that they are safer than humans."
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "GM seems to hang after Tesla Also in autonomy. This week delayed cruises, General Motors-backed autonomous outfits, plans to launch this year. Cruises CEO & nbsp; Dan Ammann said & nbsp; the company needs several miles of data. " reactid = "33"> GM seems to be following Tesla also in autonomy. This week, Cruise, the autonomous outfit of General Motors, delayed launch launches this year. Cruises CEO Dan Ammann said the company needs more miles of data.
“Who do they have the miles? Tesla, says Keeney. “Tesla is very trustworthy in this area because of their data benefit. They have more miles than any other player. "
And ARK Invest sees this benefit as a major growth driver for the Tesla share.
" Our bull case? We think it can go north for $ 4,000 and up to $ 6,000 if things go well in the autonomous business, Keeney says. "They have more scale than any other company right now, and no one else builds an EV from scratch next to Volkswagen."
Meghan Fitzgerald is a producer of Yahoo Finance.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Read the latest economic and business news from Yahoo Finance "data -reactid =" 38 "> Read the latest economic and business news from Yahoo Finance
<p class =" canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Follow Yahoo Finance on Twitter Facebook Instagram Flipboard  SmartNews LinkedIn  YouTube and reddit . "data-reactid =" 39 "> Follow Yahoo Finance on Twitter Facebook Instagram  Flipb oard SmartNews LinkedIn YouTube and reddit .