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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.

Ark last year said it had forecast shares of the electric vehicle maker to hit $US3000 by 2025, but had since updated its price target amid new expectations about Tesla’s prospective robotaxi business and capital efficiency.

The firm’s bull case suggests the price could rise to about $US5800 by 2026, and the bear case suggests $US2900 – still about three times more than the current share price of $US1005.

“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.”