Cathie Wood's Ark Invest increased its holdings in Tesla by $50 million, reiterating its bullish outlook that the Robotaxi business will drive the stock price to $2,600.
Cathie Wood's investment firm, Ark Invest, has once again invested $50 million to acquire an additional 160,000 shares of Tesla stock following the release of its latest quarterly earnings report. Despite a decline in Tesla electric vehicle sales in 2024 and 2025, with growth stabilizing in 2026, Cathie Wood remains extremely optimistic about Tesla. She believes that Tesla's current $1.2 trillion market capitalization is not solely dependent on car manufacturing but is primarily based on the immense potential of the Robotaxi market. Cathie Wood predicts that the global Robotaxi market's long-term value will reach $8 trillion to $10 trillion and expects Tesla's stock price to hit $2,600 by 2030, with 90% of that value coming from its Robotaxi business. On September 3, Tesla announced a major Cybercab event, revealing that it will allow external operators to purchase and operate Cybercab fleets, with Tesla taking a share of the revenue.
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