Tesla shares will grow more than 300% by 2026 — Ark Investment

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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.

“Although tuned to our expectations for 2026, we believe our Tesla model is methodologically conservative,” Tasha Keeney, an Ark analyst,“We assume that Tesla’s stock will trade like a mature company rather than a high-growth one in 2026.”While the flagship Ark Innovation ETF trimmed its position in Tesla last month, the electric-vehicle maker is still its largest holding, making up 10% of the fund. Tesla shares gained about 1.8% Monday.

“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% chunk of its expected value in 2026.

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