Ark Invest's Cathie Wood remains bullish on Tesla, predicting a staggering stock price of $2,600.
Ark Investment Management Maintains Bullish Outlook on Tesla's Future
In a recent interview at the HSBC Global Investment Summit in Hong Kong, Cathie Wood of Ark Investment Management reaffirmed her faith in Tesla's potential for growth. Despite the stock's struggles in 2025, Ark continues to hold Tesla as the top position in its Innovation ETF.
Tesla's competitive edge in key performance metrics like power and range per dollar, combined with its robust robotaxi business, has caught Wood's attention. She projects that the robotaxi business could account for over 90% of Tesla’s enterprise value by 2029, representing a potential $10 trillion global market for autonomous taxis by 2030.
Wood forecasts that Tesla's stock price could reach around $2,600 per share by 2029, a significant increase from its current value. This growth is largely attributed to the potential dominance of the robotaxi business in Tesla's future valuation.
Tesla's investment in humanoid robots has also caught Wood's interest. However, she did not specify the timeline for this investment or include it in Ark's valuation model for the company.
Despite the decrease in Tesla's percentage in Ark's Innovation ETF from nearly 16% at the end of 2024 to 10% as of March 24, it remains one of the top holdings in the $5.8 billion fund.
Wood gained notoriety during the pandemic for her bullish calls on high-growth tech stocks like Tesla, Zoom, and Roku. Her predictions have been met with mixed results, but her continued faith in Tesla's future remains unwavering.
However, it's important to note that the political backlash tied to Elon Musk's controversial government job-cutting campaign has impacted Tesla's stock performance in 2025. The slowing sales in Europe and China have also contributed to the stock's struggles.
Despite these challenges, Wood remains optimistic about Tesla's future, citing the company's potential in the robotaxi market as the primary driver of its value.
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