&#34;Wood&#34; is optimistic about Tesla's Robotaxi business, predicting a tenfold surge in stock price within five years.According to media reports on the 25th, Cathie Wood's ARK research team predicts that Tesla's stock price will reach $2,600 in the next five years—almost ten times the current price.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9c4a0e11-f30e-4a4d-a1f7-6c3bdec832f1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9c4a0e11-f30e-4a4d-a1f7-6c3bdec832f1.png"/>At the recent HSBC Global Investment Summit, Wood also added that Tesla's robotaxi business will account for 90% of its future value, and ARK has not even included it in its price forecast.Despite a sharp decline in sales and shipments in key markets such as Europe and China recently, and founder Elon Musk facing public pressure, Tesla's stock price has fallen over 26% this year.However, Wood remains confident in Tesla, believing that even if Tesla fails in the Chinese market, it will only have a &#34;short-term impact&#34; on its stock price and will not affect ARK's five-year target price prediction for the stock.Wood believes that the new Model Y entering the market, the upcoming robotaxi commercial service starting in Austin, Texas, and the &#34;affordable version&#34; model set to launch in the second quarter will help Tesla overcome its current difficulties.Wood stated:<blockquote>&#34;When measuring range and power metrics at a given price, Tesla is very competitive, if not the most competitive, depending on the car model.&#34;&#34;From the perspective of pure electric vehicles, both Tesla and BYD are leading. If you consider robotaxi, it is clear that BYD has not yet seized this opportunity, at least not at this moment.&#34;</blockquote>According to information released on the company's website, as of March 24, Tesla remains the largest holding in Wood's flagship ARK Innovation ETF, accounting for 10% of its $5.8 billion assets, although this proportion has decreased from nearly 16% at the end of 2024.Although Wood is widely known for her aggressive bets on disruptive technologies, her flagship fund has performed poorly in recent years.The ARK Innovation ETF rose 68% and 8.4% in 2023 and 2024, respectively, but is still down 65% from its peak, with five-year performance lagging behind the Nasdaq Composite Index.Previously, Wood gained fame for her bold predictions on individual stocks like Tesla, Zoom, and Roku, which led her fund to reach an asset peak of over $60 billion in early 2021

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"Wood Sister" believes that the new Model Y entering the market, the upcoming launch of robotaxi commercial services, and the "affordable version" model set to be released in the second quarter will help Tesla overcome its current difficulties. It is expected that Tesla's robotaxi business will account for 90% of its future value, with the stock price rising to $2,600 in the next five years

- Cathie Wood's ARK research team predicts Tesla's stock price could reach $2,600 in five years, nearly ten times its current value, driven by the Robotaxi business.  
- Despite recent declines in sales and shipments in key markets, Wood remains confident that Tesla's upcoming Model Y and Robotaxi services will help the company overcome challenges.  
- Tesla is currently the largest holding in ARK's flagship ETF, comprising 10% of its $5.8 billion assets, although this is a decrease from nearly 16% at the end of 2024.

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"Wood" firmly bullish on Tesla, boldly calling for "tenfold increase in five years"!