Cathie Wood Predicts Tesla Stock Could Surge to $2,500 with Robotaxi Launch, Generating $600 Billion Revenue by 2029

Cathie Wood, founder of Ark Invest, has made bold predictions regarding Tesla's stock performance, particularly in relation to its upcoming Robotaxi business. Wood estimates that Tesla's Robotaxi venture could generate $600 billion in revenue by 2029, representing approximately 90% of the company's enterprise value and earnings. She expressed confidence that the Robotaxi service could launch by 2026, with a 99% chance of success if it does not. Wood's projections suggest that Tesla's stock price could surge to $2,500 per share, reflecting a potential tenfold increase from current levels. Additionally, she emphasized that autonomous taxi platforms are among the most significant AI projects currently evolving, indicating a strong belief in Tesla's autonomous driving capabilities as a driver for future growth.