Cathie Wood's ARK sees Tesla at $4,400 by 2031 on robotaxi growth
According to Stocktwits, ARK sees large upside in Tesla shares from robotaxis and a possible SpaceX merger ahead of earnings this week.
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what happened
According to Stocktwits, Cathie Wood's ARK Investment Management projects Tesla shares could reach $4,400 by 2031, implying roughly 1,095% upside from current levels. Robotaxis account for about 80% of the projected enterprise value in the firm's model.
ARK also considers a possible merger between Tesla and SpaceX within the next five years. Gary Black of Future Fund said an all-stock deal would not bring a large windfall to Tesla holders, though the announcement itself would be positive. Tesla shares rose 3.8% to $368.06 on Monday before slipping 0.5% overnight.
Tesla will report third-quarter results after the market closes on Wednesday. According to Koyfin, revenue is expected to fall 1% quarter over quarter, while adjusted EPS is projected to rise 36%.
why it matters
Tesla has lagged the Magnificent Seven this year, down about 18%, so investors are focused on FSD and Optimus timelines and on negative free cash flow that Morningstar expects for a second straight quarter.
market impact
Tesla shares: robotaxi expectations and possible SpaceX deal draw attention ahead of the quarterly report
tags
instruments
sources
- Tesla Stock At $4,400? Cathie Wood's ARK Pins Hopes On Robotaxis, Sees SpaceX Merger In 5 Years — Stocktwits, 20 October 2026 at 01:43 UTC
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