Cathie Wood's Ark predicts the market for delivery robots to grow to $1 trillion by 2030.
Tesla is well positioned to expand into the technology, and that should boost the stock toward Ark's 2026 price target of $4,600, the fund said.
Ark alluded to Elon Musk's comments at Tesla's earnings that "mind blowing" products were coming.
In its weekly Ark Disrupt newsletter, the investment firm stressed the scope for Tesla to expand into the new technology, which the fund predicts will grow to a $trillion market by 2030.
Keeney added that this would help Tesla's share price toward Ark's 2026 target of $4,600 per share, a 2,500% increase from current market levels.