Ark Invest CEO and CIO Cathie Wood has reaffirmed her firm’s 2030 price target for Tesla at $2,600, representing a 483% upside from its current stock price. This valuation is largely driven by Tesla’s robotaxi business, which accounts for 90% of the target price.
Robotaxis: The Core of Tesla’s Valuation
Wood emphasized that the market still misunderstands the scale of the autonomous driving opportunity. She noted that the target price has been published for quite some time and is based on the potential of Tesla’s robotaxi service. With the current stock price at $445.91, Wood’s prediction suggests a significant surge in Tesla’s value.
Humanoid Robots: A New Frontier for Tesla
While the robotaxi service is the core of the current valuation, Wood’s team is also researching the potential of humanoid robots. She described the complexity of scaling humanoids as “multiples of robo taxis” but noted that this area represents significant future upside not yet factored into her price target. If humanoid robots evolve faster than expected, the price target for Tesla could increase.
Wood’s Faith in Tesla for Humanoid Robots
Wood believes that Tesla is in the best position to lead the field of humanoid robots because it is already a robotics, energy storage, and AI company. She expressed strong support for CEO Elon Musk, calling him the “most productive and visionary human being on earth.” Wood also defended Musk’s trillion-dollar pay package, stating that it aligns company management with shareholders’ long-term interests.
Tesla’s Current Performance
Despite the optimism surrounding Tesla’s business, the company reported a mixed third quarter and underperformed the market in 2025. Tesla’s stock has gained 17.57% on a year-to-date basis, while the Nasdaq 100 index has returned 19.81% in the same period. However, Tesla’s stock was up 50.18% over the year and closed 3.54% lower at $445.91 on Thursday.
Conclusion
Cathie Wood’s prediction of Tesla’s surge to $2,600 is driven by the company’s robotaxi business and the potential of humanoid robots. With Tesla’s current stock price at $445.91, the predicted surge represents a significant increase in value. As the company continues to innovate and expand its offerings, investors will be watching closely to see if Wood’s prediction comes to fruition.