Ark’s Cathie Wood predicts Tesla stock will hit $2,600 by 2030

Cathie Wood said on Tuesday in Hong Kong that she expects Tesla shares to reach $2,600 by 2030, according to an interview she gave Bloomberg TV on Monday night. She made the projection during an interview and repeated it later at the HSBC Global Investment Summit, claiming the growth will come almost entirely from robo taxis, which she believes will drive 90% of Tesla’s future value. Cathie told Bloomberg that her firm, Ark Investment Management, hasn’t even added Tesla’s humanoid robot initiatives into the forecast yet. “We haven’t included that in the valuation,” she said, referring to the company’s work...