Ark Invest Adds $50M to Tesla Stake as Robotaxi Bets Continue
Ark Invest, led by Cathie Wood, has traded in and out of Tesla for nearly a decade. After Tesla’s last quarterly report, Ark Invest bought more, pouring $50 million into the stock and adding 160,000 shares. Wood remains bullish despite struggling EV sales, pointing to strong valuation and long-term opportunity in a potential robotaxi market.