<ul><li>Cathie Wood, the Ark Invest founder, highlighted Tesla as her top stock pick during a podcast with Steven Bartlett, citing its convergence of robotics, energy storage, and AI.</li><li>Ark Invest issued a $2,600 price target for Tesla in June 2024, which Wood reaffirmed recently, projecting the stock to reach this level within five years. Wood emphasized the role of Tesla's Optimus robots in driving productivity gains and creating new revenue streams.</li><li>Elon Musk echoed Wood's optimism about Tesla's Optimus robots, stating that thousands of them would be working in Tesla factories by the end of the year and scaling up rapidly.</li><li>Despite recent volatility in Tesla's stock price and challenges faced by the company, Wood and Ark Invest maintain their faith in Tesla's potential to redefine industries through AI and robotics, aiming for a $2,600 target as Tesla's advancements continue.</li></ul>

Tesla tops Cathie Wood’s stock picks, predicts $2,600 surge

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