Reportedly, Cathie Wood's ARK Invest continuously bought Tesla (Tesla) shares between June 21 and August 5, 2026, estimated to have increased its holdings by approximately 450,000 shares, with a total value of about $175 million. This increase in holdings occurred as Tesla's stock price fell by 24% from the end of 2025, making it the weakest-performing stock among the "Magnificent Seven." Wood maintains a Tesla price target of $2,600 for 2029, implying an upside of over 700% from current levels, while Wall Street's consensus price target is only $395.