Cathie Wood Never Sold Ark's Core Stake in Tesla Despite the Stock Trailing Every Other Magnificent Seven Name in 2026. Here's Why Her Multi-Year Conviction Hasn't Wavered.

Cathie Wood's Ark Invest continues to hold a massive $1 billion stake in Tesla (TSLA), underscoring long-term high conviction in the electric vehicle maker's pivot toward autonomous mobility. Ark Invest maintains a bullish long-term price target of $4,600 per share, up from an earlier $3,000 target, representing a potential upside of over 1,000%. The firm estimates that the global autonomous taxi market could be worth between $8 trillion and $10 trillion, projecting that robotaxis will comprise roughly 90% of Tesla's future valuation. The investment thesis relies on Tesla's vertical integration, manufacturing scale, and cost advantages. Tesla targets Cybercab production costs between $20,000 and $30,000, compared to competitor costs estimated between $50,000 and $100,000. While commercial robotaxi adoption faces pushbacks—with recent industry surveys delaying large-scale rollout expectations toward 2030—Wood's firm expects Tesla's AI-driven capabilities to drive unprecedented shareholder value over a multi-year horizon despite near-term volatility.