Cathie Wood Targets Tesla at $4,600 by EOY 2026. Tesla Enters April at $389.

In early 2026, ARK updated its open-source Tesla valuation model and boldly raised its 2026 price target to $4,600—implying an 11.8x return from current levels. As of mid-April 2026, Tesla trades at $389.77, up 3.34% over 24 hours. That means investors would need Tesla to gain 1,080% in the remaining 7.5 months of 2026 to hit the target. Not impossible, but the clock is ticking loudly. Wood has been a Tesla bull for years, but even for her, this feels like she ordered her Tesla Roadster with the FSD pre-order price tag. The real question: Is this conviction or copium?