Cathie Wood's investment firm, Ark Investment Management LLC, is optimistic about Tesla Inc., projecting that the stock could reach $2,600 in five years, nearly 10 times its current value. Wood emphasized in an interview with Bloomberg TV that Tesla's autonomous taxi business is expected to drive about 90% of its overall worth during that period. She also mentioned Tesla's developments in humanoid robots as a factor that hasn't been considered in the price forecast. Despite China's BYD Co. surpassing Tesla in sales, Wood highlighted that Tesla remains competitive in aspects like range and power for the price. Tesla continues to be a key holding in Ark's ARK Innovation ETF, accounting for 10% of its $5.8 billion assets by March 24. This percentage had decreased from almost 16% at the end of 2024. Wood had previously estimated that Tesla shares could reach $2,000 each by 2027, as the company gains market share from traditional automakers. However, Tesla's stock has experienced fluctuations this year, with recent rebounds to around $278, amidst challenges such as declining sales in critical markets like Europe and China. Despite facing political opposition and internal issues, Tesla's founder Elon Musk continues to lead the company. Wood gained notoriety for her accurate predictions on companies like Tesla, Zoom Video Communications Inc., and Roku Inc. during the pandemic, attracting retail investors and raising her fund's assets to over $60 billion in 2021.