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- ARK Invest purchased nearly $38.1 million worth of Tesla shares after the stock’s sharp decline.
- The investment follows a recent $32.5 million addition to ARK’s SpaceX holdings.
- ARK continues to back disruptive technology and crypto-related companies despite market volatility.
Cathie Wood is once again increasing her exposure to Elon Musk’s business empire. ARK Invest purchased nearly $38.1 million worth of Tesla (NASDAQ: TSLA) shares, just days after adding millions of dollars in SpaceX stock to several of its investment funds.
The latest move highlights Wood’s continued confidence in Musk-led companies despite recent market volatility. The purchase also came after Tesla shares suffered a sharp one-day decline, suggesting ARK may have viewed the weakness as a buying opportunity.
ARK Invest Adds Nearly 97,000 Tesla Shares
According to ARK Invest’s latest trading disclosure, the firm acquired 96,935 Tesla shares across three of its exchange-traded funds on July 2.
The ARK Innovation ETF (ARKK) accounted for the largest allocation, purchasing more than 69,000 shares. Additional Tesla stock was added to the ARK Next Generation Internet ETF (ARKW) and the ARK Space Exploration & Innovation ETF (ARKX). Notably, the ARK Autonomous Technology & Robotics ETF (ARKQ) did not participate in the latest purchase.
Based on Tesla’s closing price of $393.45, the combined investment was valued at roughly $38.14 million.
Buying the Dip After Tesla’s Sharp Decline
Tesla shares finished the trading session down 7.49%, making the purchase stand out as a classic “buy-the-dip” strategy.
Cathie Wood has consistently argued that short-term market swings create opportunities to accumulate shares of companies with long-term growth potential. Her latest investment reinforces that view, especially as Tesla continues expanding its artificial intelligence, autonomous driving, robotics, and energy businesses.
While the stock remains volatile, ARK appears focused on Tesla’s long-term innovation rather than recent price fluctuations.
SpaceX and Tesla Remain Core Bets
The Tesla purchase follows ARK Invest’s recent acquisition of approximately $32.5 million in SpaceX shares, further increasing exposure to Musk’s private aerospace company.
With both investments completed within days of each other, ARK is signaling continued conviction across multiple Musk-led ventures. SpaceX has already become one of the firm’s larger holdings in several portfolios, underscoring its confidence in the company’s long-term growth prospects.
Beyond Tesla and SpaceX, ARK Invest also added to its position in Bullish (NASDAQ: BLSH), purchasing nearly 87,000 shares through two ETFs. The move reflects the firm’s ongoing interest in digital asset infrastructure and crypto-related companies.
Meanwhile, Strategy co-founder Michael Saylor drew attention to his own company by highlighting its unusually high derivatives activity compared with other major technology stocks, including Tesla. Although unrelated to ARK’s trading decisions, the comparison reflects growing investor interest across technology and crypto-linked equities.
Cathie Wood’s latest Tesla purchase reinforces ARK Invest’s long-standing investment strategy of backing disruptive technology leaders during periods of market weakness. By increasing positions in both Tesla and SpaceX while also expanding exposure to crypto-related equities, the firm continues to emphasize innovation-driven growth over short-term market sentiment.
Also Read: Cathie Wood Reveals Why Inflation May Collapse Faster Than Markets Expect
Whether Tesla quickly rebounds or experiences additional volatility, ARK’s latest moves leave little doubt that Wood remains firmly committed to Elon Musk’s companies as key long-term investments.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
