Despite a tough start to 2025 for Tesla (NASDAQ:TSLA), Ark Invest CEO Cathie Wood remains confident in the electric vehicle maker's long-term potential. Speaking to Bloomberg, she said her forecast for the stock remains unchanged, predicting it could reach $2,600 within five years.
Tesla shares are down 31.1% year to date, pressured by declining sales, increased competition, and criticism of CEO Elon Musk's role as an advisor to President Donald Trump. Still, Wood pointed to the company's autonomous vehicle plans as a major driver of future value. She estimated robotaxis could represent up to 90% of Tesla's valuation in five years.
Tesla is currently priced at $278.39 per share, up 28% from its 2025 low of $217.02. Hitting Wood's projection would require a gain of approximately 834% over five years.
Tesla is held in 355 exchange-traded funds, including three of Wood's six active ARK funds: ARKK, ARKQ, and ARKW. These funds list Tesla among their top 20 holdings, ranking 15th, 16th, and 17th respectively.
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