Cathie Wood Doubles Down on Musk, Drops $38M on Tesla 🚀

Cathie Wood's ARK Invest purchased 96,935 shares of Tesla (NASDAQ: TSLA) across three of its exchange-traded funds on Thursday, July 2, in a transaction valued at approximately $38.14 million based on Tesla's closing price of $393.45. The purchase, disclosed publicly on Friday, follows ARK Invest's recent $32.5 million acquisition of SpaceX shares and extends the firm's growing exposure to Elon Musk's portfolio of companies.

The ARK Innovation ETF (ARKK) led the buying activity with 69,723 Tesla shares valued at around $27.44 million. The ARK Next Generation Internet ETF (ARKW) added roughly $6.91 million in shares, while the ARK Space Exploration & Innovation ETF (ARKX) contributed approximately $3.80 million. Tesla shares were not added to the ARK Autonomous Technology & Robotics ETF (ARKQ) during the session.

The transaction marks the latest step in ARK Invest's accumulation of Musk-linked assets. The firm had previously stated that following its most recent SpaceX purchase, SpaceX ranks among the larger positions across several of its funds. Market data from Yahoo! Finance shows Tesla's recent price action as investors continue to weigh the stock's valuation against delivery and margin trends disclosed by the company in recent quarters.

The disclosure was shared publicly by Ark Invest Tracker (@ArkkDaily) on Friday, July 3, 2026, via social media, providing a daily breakdown of Wood's trades across her flagship funds. ARK Invest has not issued additional commentary on the rationale behind the Tesla purchase beyond the standard regulatory filing disclosures required for ETF portfolio changes.

Beyond Tesla and SpaceX, ARK Invest also added shares of crypto exchange Bullish during the same trading session, continuing the firm's broader allocation to digital asset-related equities. The combined activity reflects ARK's stated strategy of investing in companies positioned at the intersection of innovation, automation, and emerging financial infrastructure.