TMTPOST -- Cathie Wood’s Ark Investment Management LLC remains bullish on Tesla Inc., forecasting that the stock will surge to $2,600 within five years—nearly 10 times its current value. Speaking to Bloomberg TV, Wood emphasized that Tesla’s robo-taxi business will drive 90% of the company’s valuation over this period. She also noted that Tesla’s work on humanoid robots has not yet been factored into Ark’s price prediction. Her comments came during the HSBC Global Investment Summit in Hong Kong on Tuesday. Despite a 31% drop in Tesla’s share price this year, the stock has rebounded over the last four sessions. However, the company has faced declining sales and shipments in key markets such as Europe and China, while CEO Elon Muskhas encountered political opposition and growing domestic criticism over government job cuts linked to his Department of Government Efficiency initiative.