Cathie Wood Never Sold Ark's Core Stake in Tesla Despite the Stock Trailing Every Other Magnificent Seven Name in 2026. Here's Why Her Multi-Year Conviction Hasn't Wavered.
Cathie Wood's Ark Invest maintains a strong long-term conviction in Tesla, viewing the company as a future leader in the robotaxi market rather than just an EV manufacturer. Despite significant stock price volatility, the firm has kept Tesla as a core holding with an ambitious price target.
Why it matters
Tesla's pivot toward AI and autonomous driving technology is a major focus for investors and the future of the automotive industry.
It has been a roller-coaster ride for Tesla ( TSLA -0.53% ) stock in recent years. In 2021, the stock reached a high of roughly $400 per share, only to collapse to nearly $100 per share in 2023. The stock then surged above $400 in 2025, only to collapse once again below $250 that same year.
After yet another surge and correction, Tesla stock currently hovers around $350 per share, resulting in a $1.1 trillion market cap. Through it all, Cathie Wood's firm, Ark Invest, never sold out of its Tesla stake. The position has been trimmed and added to many times over the years. But the firm has always remained a strong Tesla bull.
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