Tesla(US:TSLA) Benzinga·2025-11-07 07:44Core Viewpoint - Ark Invest CEO Cathie Wood maintains a bullish price target of $2,600 for Tesla, indicating a 483% upside from its current price of $445.91, primarily driven by the potential of the robotaxi business [1][2]. Group 1: Robotaxi Business - Wood emphasizes that 90% of the $2,600 valuation is based on the robotaxi service, which she believes is still misunderstood by the market [2]. - The firm has been researching the potential of humanoid robots, which could provide additional upside beyond the current price target [3]. Group 2: Humanoid Robots - Wood describes the complexity of scaling humanoid robots as significantly greater than that of robotaxis, suggesting that advancements in this area could lead to an increase in the price target [3]. - Tesla is positioned well to lead in the humanoid robot sector due to its existing capabilities in robotics, energy storage, and AI [3]. Group 3: Support for Leadership - Wood expresses strong support for CEO Elon Musk, calling him the "most productive and visionary human being on earth," and endorses the recent approval of his trillion-dollar pay package [4]. - She argues that the pay-for-performance structure aligns management with long-term shareholder interests, countering criticisms from governance firms [4]. Group 4: Market Performance - Despite the optimistic outlook, Tesla's stock has underperformed the Nasdaq 100 index year-to-date, with a 17.57% gain compared to the index's 19.81% [5]. - Tesla's stock closed at $445.91, down 3.54% on Thursday, but saw a 1.57% increase in after-hours trading following the shareholder vote [5]. Group 5: Stock Rankings - Benzinga's Edge Stock Rankings indicate that Tesla maintains a stronger price trend over short, medium, and long terms, although it has a poor value ranking [6].