Key Takeaways
- Cathie Wood doubled down on her long-term belief in Tesla, buying $43.7 million worth of shares amid a price dip.
- Despite previously championing blockchain, ARK Invest sold $12.1 million in Coinbase stock.
- Wood’s investment strategy has regularly seen soaring highs, but also dramatic losses.
Cathie Wood, CEO of ARK Invest, has significantly increased her firm’s stake in Tesla, purchasing $43.7 million worth of shares, while reducing exposure to crypto stocks by $12 million.
The move reflects Wood’s enduring confidence in Tesla’s long-term growth, which she continues to call a “multi-trillion-dollar opportunity.”
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Wood Doubles Down on Tesla
According to ARK Invest’s daily trading disclosures, the firm acquired approximately 143,190 shares of Tesla on Thursday, spread across three of its flagship ETFs.
The buy capitalized on a recent price dip that saw Tesla shares fall to around $305.
This latest purchase reinforces ARK’s bullish stance on Tesla.
Wood has long positioned the electric vehicle manufacturer as a cornerstone of ARK’s innovation strategy, focusing on its advancements in full self-driving technology and AI-driven robotics.
Exiting Crypto Holdings
In contrast to the Tesla acquisition, ARK sold 30,501 shares of Coinbase, representing a total divestment of $12.1 million based on the exchange’s closing price of approximately $397.
The sale spanned two funds, ARKK and ARKW, aligning with the investment firm’s broader pattern of profit-taking within the crypto space.
While Wood remains optimistic about blockchain technology, her firm has shown caution in navigating the crypto landscape.
Between June 30 and July 2, ARK had already reduced its Coinbase holdings by $47.9 million.
Wood’s Long-Term Bet On Tesla
Wood has long been one of Elon Musk’s most vocal advocates.
In 2018, she made headlines by predicting that Tesla’s stock would reach $4,000 per share within five years, a claim many dismissed at the time due to Tesla trading around $300.
Nevertheless, her prediction materialized in just three years, cementing her reputation as one of the most forward-looking investors in tech innovation.
Since then, Wood has repeatedly heralded the EV maker as a “multi-trillion-dollar opportunity,” calling CEO Elon Musk the “investor of our age.”
In March, Wood projected that Tesla’s upcoming robotaxi fleet could push its profit margins to 70–90%.
The recent purchase follows Tesla’s announcement of a robotaxi unveiling in Austin this June.
Highs and Lows
Wood’s flagship fund, ARKK surged an astonishing 153% in 2020, propelled by massive bets on high-growth, disruptive companies like Tesla, Roku, and Zoom during the pandemic-driven tech boom.
However, the tides turned during the 2022 market correction, due to a sharp increase in interest rates and inflation fears.
ARKK plummeted more than 60% that year, wiping out much of its pandemic-era gains and drawing intense criticism.
As of mid-2025, short interest in ARKK has climbed to a record of roughly 37%, surpassing its pandemic-era peaks, according to recent data from financial analytics firm S3 Partners.
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Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
