She explains why, and gives the stock a 2027 price target representing massive upside.
Ark Invest CEO Cathie Wood says she believes that Tesla is the "biggest AI opportunity in the world" today. "So we think it has miles to go, it has just started," she told CNBC's "Squawk Box Europe" on Wednesday. She says that Tesla's autonomous taxi opportunity "is going to be a winner.
Elon Musk has spoken of his ambitions to create a fleet of self-driving, electric taxis. Last year, he said that Tesla will make a "dedicated" self-driving taxi that will "look futuristic," but did not give a timeline, according to Reuters. Tesla is the biggest holding in Wood's flagship Ark Innovation ETF fund, with a 11.35% weighting . That's an increase from a 9.4% weighting earlier this year.
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