Cathie Wood’s Ark Invest has increased its holdings by approximately 450,000 shares of Tesla stock, valued at around $175 million, in the past 45 days.
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.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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