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Short seller James Chanos has questioned investor Cathie Wood-led investment firm ARK Invest‘s prediction that Robotaxis could become a $34 trillion market by 2030.
A Bold Prediction
Quoting a post by Ark Invest on the social media platform X on Monday, Chanos questioned Ark’s approach. The investment firm shared that over 90% of the $34 trillion opportunity would be going to the “technology providers,” adding that Uber Technologies Inc. (NYSE:UBER) was also vying to be a part of the market and was investing in all non-Tesla Inc. (NASDAQ:TSLA) Robotaxi companies.
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