Ark Investment Management LLC, helmed by renowned investor Cathie Wood, maintains an optimistic outlook on Tesla, projecting its share price to skyrocket to $2,600 within the next five years—a figure nearing ten times its current valuation. In a recent interview, Wood disclosed that Tesla's robot taxi venture is anticipated to contribute 90% of the company's overall worth during this timeframe. Additionally, she emphasized at the HSBC Global Investment Summit in Hong Kong that Ark's current share price forecast has yet to incorporate Tesla's groundbreaking advancements in the realm of humanoid robots.
