According to Sawyer Merritt citing ARK Invest’s new Tesla model, ARK says a Tesla SpaceX merger could occur within five years to fund orbital data centers, deploy frontier AI for Optimus, ease chip constraints via Terafab, and together reach $3.8T revenue and $2.7T EBIT by 2031.

According to ARK Invest via Sawyer Merritt, Tesla logged over 1 million unsupervised driverless miles across seven cities in three states in ~7 months, expects acceleration with FSD V15, and frames it as key to scaling robotaxi service.

According to ARK Invest via Sawyer Merritt, Tesla’s 2031 base case values the company at $17.5T driven by robotaxis and Optimus, with cumulative AI infrastructure spend rising to $225B.