Cathie Wood Doubles Down On $2,600 Tesla Stock Price Prediction
Ark Invest CEO Cathie Wood reaffirmed her bullish $2,600 price target on Tesla, Inc. (NASDAQ:TSLA), despite the stock’s 32% decline year-to-date in 2025.
What To Know: Wood projected a nearly 10 times surge in Tesla's stock price in an interview with Bloomberg TV on Monday, saying that Ark Invest sees the stock hitting $2,600 per share by 2030.
The famous tech investor said the surge will be driven by Tesla's robotaxis, which she estimates will account for 90% of Tesla's market value within five years.
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"It's a software-as-a-service model. Very high margin, 80%+ for the platform companies," Wood said.
She added that Ark Invest's forecast excludes potential contributions from Tesla's Optimus humanoid robots, which she noted are advancing faster than expected.
Why It Matters: Wood confirmed that Ark Invest added to its Tesla position as the stock has tumbled over the past few months. The EV maker's recent struggles include a 40% sales drop in Europe, intense competition in China and CEO Elon Musk's controversial political role in the Trump administration.
Wood attributes Tesla's short-term volatility to macroeconomic and political factors rather than structural issues within the company. She cited Tesla's upcoming $30,000 budget model EV and the June 2025 robotaxi launch in Austin, Texas, as near-term catalysts in her thesis.
Tesla remains the largest holding of the ARK Innovation ETF (NYSE:ARKK), representing 11.59% of the fund's portfolio, according to current data from Ark Invest.
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