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The Future of Tesla and AI: A Deep Dive into Recent Developments and Market Trends

Kathy Wood's Bullish Stance on Tesla

Recently, renowned investor Kathy Wood reaffirmed her confidence in Tesla's future. On a televised segment, she explicitly reiterated her bullish outlook, emphasizing her target stock price of $2,600 by 2029. Wood believes that Tesla will dominate the robo-taxi business in the United States, especially with the upcoming launch of robo taxis in Austin this June. She predicts that regulatory changes moving from state-level to federal oversight will accelerate the proliferation of autonomous vehicle services across the country, possibly exceeding market expectations.