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Cathie Wood’s Ark Now Sees Tesla Shares More Than Quadrupling

  • Ark sees electric-vehicle maker’s shares at $4,600 by 2026
  • Call contrasts with skeptics seeing a fall to as low as $150
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Ark Outperforms When Most Active Managers Have Not: Cathie Wood

Cathie Wood’s Ark Investment Management now expects Tesla Inc. shares to more than quadruple to $4,600 by 2026.

Ark last year said it saw shares of the electric-vehicle maker hitting $3,000 by 2025, but has since updated its price target amid new expectations around Tesla’s prospective robotaxi business and capital efficiency.