Tesla, the electric vehicle company led by CEO Elon Musk, has been the subject of much speculation regarding its stock price. Cathie Wood's Ark Invest made a bold prediction earlier this year, claiming that Tesla's stock could reach $2,000 per share by 2027. Despite the stock's current price being significantly lower than Wood's projection, Ark Invest remains bullish on Tesla.

One of the main reasons behind Ark Invest's support for Tesla is the belief that the company should be viewed as a technology stock rather than a traditional automaker. Wood argues that Tesla's autonomous taxi platform and software-as-a-service model set it apart from other automotive companies. Ark Invest sees Tesla's potential involvement in the autonomous taxi industry as a significant revenue generator, with the potential to bring in up to $10 trillion by 2030.

Elon Musk himself has echoed Wood's sentiment, stating that he sees a pathway to a significant increase in Tesla's value. He agrees with the view that Tesla should be considered a tech giant rather than just a carmaker.

While Tesla has yet to release true self-driving technology and is not currently involved in the budding robotaxi industry, Musk believes that the demand for autonomous taxis will be "quasi-infinite."

This unconventional perspective on Tesla's future prospects challenges conventional wisdom and has attracted attention from investors and analysts alike. Whether Tesla will trade like a tech stock instead of an auto stock remains to be seen, but the support from industry experts like Cathie Wood and Elon Musk certainly adds weight to this argument.

As always, investors are advised to consider multiple viewpoints and projections when making investment decisions.