ETFs with substantial Tesla vulnerability, a group such as the high-flying ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ), are definitely benefiting from the electrical vehicle’s manufacturer spike this season, but believe it or not, there might be much more to the story that isn’t yet fully reflected in Tesla stock.ARKQ catches the converging industrial and technology industries, benefitting from autonomous vehicles, robotics, 3D printing, and energy storage technology. That broad mandate helps lever the ARK fund also much more than simply self-driving automobiles, a significant attribute at a time of fast robotics advancement.It’s a longer-ranging thesis, but Tesla could finally become the dominant name in ride-hailing, possibly supplying an additional catalyst for ARKQ on the way.“Although it did not face many such questions on its earnings call this week, ARK believes that Tesla has strategic and tactical reasons to launch a ride-hailing service with human drivers before its robotaxi network launches next year,” writes ARK analyst Tasha Keeney at a recent notice. “With a more competitive cost structure than Uber or Lyft, Tesla could enjoy a recurring revenue business model with software-like margins well above its current EV margin structure.”Usurping UberCurrently, electric vehicles represent a small fraction of new cars sold around the globe and automobiles on the street, but that percentage is predicted to grow in a major way during the upcoming few decades, however, enormous expansion is coming to the business. Increasing battery power and life is vital to converting more motorists into electrical vehiclesAdditionally, electrical vehicles are seen as the next frontier in ride-hailing because firms wish to cut back emissions and motorists wish to reduce gas expenses. Additionally, Tesla, if it opt to battle Uber and Lyft, could command premium pricing in certain markets.“Based on our research, Tesla could launch its ride-hailing service at a premium price of $4 per mile, slightly more than Uber‘s average price in New York City, and could lower prices over time to penetrate more price-sensitive markets,” based on Keeney. “ARK estimates that Tesla’s ride-hailing service could deliver roughly 50% EBITDA margins, a premium to Uber’s in cities it dominates and, that at a global scale and an average of $1 per mile, its addressable market would be roughly $50 billion.”Ride-hailing might be a segue to Tesla’s wider autonomous car ambitions.“While ARK still believes that Tesla will be the market leader in autonomous driving, certainly in the US, if it were to launch a human-driven ride-hailing network, the bridge to autonomous would increase its margins and lower its risks considerably,” writes Keeney.For more about disruptive technologies, see our Disruptive Technology Channel.The comments and forecasts expressed herein are only those of Tom Lydon, also may not really come to pass. Information on this website shouldn’t be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any item.