Why Cathie Wood Is Betting on Tesla to Hit $2,600
$Tesla(TSLA.US$ stock is up about 4% today after Cathie Wood’s Ark Invest raised its 2029 price target on the EV maker.
Ark believes TSLA could be worth $2,600 per share in 2029, largely by way of a currently non-existent robotaxi business.
Interestingly, Ark Invest’s price target is contingent on a robotaxi business. Absent a robotaxi network, Ark believes TSLA’s price target would be about $350 per share, about double its current $179 price level.
TSLA stock remains the largest holding in Wood’s $ARK Innovation ETF(ARKK.US$ , with an 11.09% weight.
TSLA stock remains the largest holding in Wood’s $ARK Innovation ETF(ARKK.US$ , with an 11.09% weight.
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