Ark Invest Targets Tesla at $2,600

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Ark Invest

The Motley Fool

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Business

Business & Economics

Is Cathie Wood Actually Right About Tesla Stock?

Summary

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68% Informative

Cathie Wood's Ark Invest has a $ 2,600 price target on Tesla for 2029 .

The investment company's price target won't be "right," but then again, it's not supposed to be.

The modeling itself is almost certainly wrong, simply because it relies on variables that are incredibly hard to predict.

The message is clear: Don't buy Tesla stock unless you believe there's a good chance its robotaxi service (which may already be operating in its first market by the time you read this article) If it fails, it will likely set Tesla back significantly.

The robotaxi business will be the key to Tesla 's valuation and the future of the auto industry.

It's also ideally placed to start producing lower-cost EVs (which can be used as robotaxis controlled by unsupervised FSD systems) Tesla says it's set to begin volume production of the Cybercab in 2026 .

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Informative language

Neutral language

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informal

Language

English

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Offensive language

not offensive

Hate speech

not hateful