"Wood Sister" reiterates the $2600 price target for Tesla: This does not include the Optimus Prime robot.
Ark Investment Management founder and CEO Cathie Wood reiterated her price target for Tesla in 2030 of $2600 in an interview on Thursday. She stated that 90% of this valuation is based on Tesla's autonomous ride-hailing business, without taking into account the huge potential of its humanoid robot business, hinting at a possible further increase in the price target. Wood said, "The share of humanoid robots in the $2600 price target is very small. To some extent, if the development of humanoid robots is faster than we expected, then this price target will rise." Wood also referred to Musk as "the most productive and visionary person on Earth" and said, "He should be compensated accordingly."
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