Cathie Wood’s Ark Invest is aggressively doubling down on Tesla, now holding over $870 million in the company’s stock across key ETFs—despite Tesla’s recent dip. Wood’s bullish bet centers on Tesla’s self-driving tech and robotaxi future, with a $2,600 price target for 2029. She’s eyeing massive growth from autonomous mobility, citing Elon Musk’s goal of deploying robotaxis in half of major U.S. cities by year-end—and Tesla’s already approved unsupervised rides in Texas and Florida. This contrarian move underscores Ark’s strategy: betting big on disruptive tech with outsized upside.
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