Ark Invest's Cathie Wood Believes Robotaxi Will Drive Tesla Stock to $2,600 in 5 Years. There's Just 1 Problem With That.
Cathie Wood has been right about Tesla before, and the company is about to launch its highly anticipated Robotaxi service.
People tend to listen when Cathie Wood speaks on Tesla (NASDAQ: TSLA). The founder and manager of Ark Invest was one of Tesla's most vocal supporters in the mid-to-late 2010s, before the company became the electric vehicle, energy storage, autonomous driving, and robotics company it is now, with a $1 trillion market cap.
Her Tesla call lifted her flagship fund, the ARK Innovation ETF, to Wall Street fame. She remains as optimistic about Tesla as ever.
Cathie Wood has maintained that Tesla's imminent Robotaxi business, a ride-hailing fleet of autonomous Tesla vehicles, will be a game changer for the stock's value. In a recent Bloomberg TV interview, she reiterated her prediction that the stock will soar to $2,600 in five years, over seven times its current price.
