ARK's Cathie Wood lifts Tesla target to $4,600 — even as it trails the rest of the 'Magnificent Seven'
Cathie Wood's Ark Invest has raised its long-term Tesla price target from $3,000 to $4,600 — even as the stock is down roughly 23% this year, the worst performer among the 'Magnificent Seven.' Ark's bet: today's slump is temporary once Tesla's robotaxi business scales.
Ark Invest, led by Cathie Wood, has never fully sold out of its core Tesla stake, The Motley Fool reported September 19. The firm has trimmed and added to the position over the years, but has held onto a core stake since its initial purchase.
That conviction stands in sharp contrast to Tesla's stock performance. Shares are down about 23% so far in 2026 — the worst showing among the 'Magnificent Seven,' which also includes Nvidia, Amazon, Apple, Alphabet, Microsoft and Meta.
Despite that, Ark still holds roughly $1 billion of Tesla stock across its funds as one of its largest positions, and it raised its long-term price target from $3,000 to $4,600.
Ark's thesis rests on viewing Tesla not as a simple automaker but as a robotaxi operator. With manufacturing, software and data all vertically integrated in-house, the firm argues Tesla can scale a robotaxi fleet faster and more cheaply than rivals.
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