Elon Musk Agrees With Cathie Wood: Tesla Is 'Largest AI Project On Earth' Amid Robotaxi Vision, Samsung Chip Deal Buzz

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Tesla Inc. (NASDAQ:TSLA) is the world’s most ambitious AI endeavor, according to ARK Invest CEO Cathie Wood, who predicts its autonomous vehicle efforts could generate trillions in revenue.

In a June interview on The Diary of a CEO podcast, Wood described Tesla as “the largest AI project on earth,” a statement Elon Musk later reposted on X with a one-word affirmation: “True.”

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Wood added that ARK’s research shows the ecosystem surrounding autonomous taxi networks could generate between $8 trillion and $10 trillion in global revenue within the next 5–10 years.

“To put that in context, the entire GDP of the world today is about $113 trillion,” she said. “So $10 trillion is going to move the needle.”

Musk, who has long championed full self-driving (FSD) and robotaxi services, has said he expects autonomous vehicles to have a noticeable effect on GDP growth within the next one to two years.

While Tesla’s second-quarter revenue dropped 12% year-over-year to $22.5 billion—missing estimates—analysts remain focused on the company’s long-term AI bets.

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In July, Tesla announced a $16.5 billion multiyear partnership with Samsung Electronics (OTC:SSNLF) to manufacture its AI6 chip domestically. The advanced chip is expected to power Tesla’s next-gen autonomous systems, including its upcoming robotaxi fleet and Optimus humanoid bot.

Samsung already manufactures Tesla’s current AI4 chip, while Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is handling the AI5. Analysts said the new partnership will give Tesla valuable foundry experience that competitors haven’t allowed.

Wedbush analyst Dan Ives in June estimated that Tesla’s AI and autonomous driving division alone could be worth $1 trillion, reinforcing investor optimism even as the company navigates revenue headwinds and political scrutiny.