Tesla (TSLA) Targets $2,600 Price by 2029 Amid AI Expansion

Cathie Wood has set a price target of $2,600 for Tesla Inc (TSLA) by 2029, primarily driven by advancements in AI and robotics. The company intends to increase its capital spending from $20 billion to $25 billion to support this strategic pivot. Additionally, Tesla aims to mass-produce its Optimus humanoid robot at a target of 1 million units annually by the late 2020s and potentially 10 million by the early 2030s. The global robotics market is anticipated to reach $416 billion by 2035, growing at an annual rate of around 14%, providing significant future growth potential for Tesla.