Ark Investment Management’s Cathie Wood is standing by her long-term bet on Tesla, telling Bloomberg that she expects the EV maker’s stock to surge nearly tenfold to $2,600 within five years.
Speaking at the HSBC Global Investment Summit in Hong Kong, Wood said Tesla’s future value will be driven primarily by its yet-to-launch robotaxi business, which she believes could account for 90% of the company’s worth by 2029. She also noted Tesla’s growing investment in humanoid robots, a segment Ark hasn’t included in its valuation model.
Despite Tesla falling behind China’s BYD in global EV sales last year, Wood maintains that Tesla remains competitive on key performance metrics like power and range per dollar.
Tesla remains the top holding in Ark’s Innovation ETF, making up 10% of the $5.8 billion fund as of March 24—down from nearly 16% at the end of 2024. The stock has struggled in 2025, falling significantly amid slowing sales in Europe and China, and political backlash tied to CEO Elon Musk’s controversial government job-cutting campaign.
Wood gained notoriety during the pandemic for her bullish calls on high-growth tech stocks like Tesla, Zoom, and Roku. Her flagship fund peaked at over $60 billion in assets during the 2021 retail trading boom.
