Cathie Wood, CEO of ARK Investment Management, maintains a bullish outlook on Tesla Inc., projecting that its stock could reach $2,600 within the next five years—nearly ten times its current price.
Wood attributes this anticipated growth primarily to Tesla's advancements in autonomous driving technology, particularly its robo-taxi services, which she believes will constitute 90% of the company's value over that period. Additionally, she notes that Tesla's initiatives in humanoid robotics have not yet been factored into this valuation.
Tesla remains the largest holding in ARK's flagship Innovation ETF, underscoring Wood's confidence in the company's long-term potential.
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