ARK Invest recently purchased over $20 million in Tesla shares after a significant market decline of over 15%. Concerns arose over CEO Elon Musk's leadership at DOGE and Q1 delivery news, raising uncertainties among investors. Despite this, ARK sees the potential for substantial growth with Tesla's focus on future technologies like Robotaxi and AI/Optimus. This investment aligns with their strategy, as Tesla remains the largest holding in their ARKK ETF, making up 10% of its total value, despite a 38% drop in shares for 2025.
"This is a gut check moment for the Tesla bulls (including ourselves) after this massive sell-off in Tesla shares with fears mounting/accelerating."
"ARK believes Tesla shares will be exponentially more expensive, especially leaning on the thesis that Robotaxi and AI/Optimus will translate to major growth in yet another sector for the company."
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