Cathie Wood’s Ark now sees Tesla shares more than quadrupling

Cathie Wood’s Ark Investment Management now expects Tesla shares to more than quadruple to $US4600 by 2026.

“Although tuned to our expectations for 2026, we believe our Tesla model is methodologically conservative,” Tasha Keeney, an Ark analyst, wrote in a blog post last week. “We assume that Tesla’s stock will trade like a mature company rather than a high-growth one in 2026.” “Tesla enjoyed a first-mover advantage for a short while, but they no longer have that and there are plenty of other EVs on the road that are competing very successfully,” he said. “This is, in my opinion, Cathie Wood dropping words out there that may be attractive or interesting, shiny, glittery things, to unsuspecting retail investors, when they are really missing the point of where Tesla is positioned competitively.

Ark has also increased its conviction in Tesla’s ability to achieve full self-driving, with the carmaker’s prospective robotaxi business contributing to a 60 per cent chunk of its expected value in 2026.

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