Cathie Wood Doubles Down on Tesla Stock. Should Investors Follow?

Ark Invest purchased over 160,000 Tesla shares worth $50.1 million following recent earnings and a stock price decline. While Ark remains bullish on Tesla's robotaxi potential with a 2029 price target of $2,600, the company has repeatedly delayed its autonomous vehicle rollout timeline. Management now indicates major scaling won't occur until 2027 at the earliest, pending the release of full self-driving software v15. Investors should be aware that significant question marks remain until Tesla demonstrates exponential fleet expansion and unsupervised miles growth.