Cathie Wood increases investment in Tesla despite bear market

Cathie Wood 2


  • Ark Invest’s Cathie Wood significantly increased her investment in Tesla, acquiring shares in both its ARK Innovation ETF and the ARK Autonomous Technology & Robotics ETF.
  • Despite a recent 3.9% drop in Tesla’s share value, Wood maintains an optimistic view, projecting a potential significant rise in the share price by 2027.
  • Tesla remains a top investment in Wood’s ARKK fund, highlighting his confidence in the future of electric vehicles and artificial intelligence.

A Bold Strategy in Times of Downturn

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Cathie Wood, the visionary investor behind Ark Invest, has reinforced her bet on Tesla, her innovation favorite, buying more shares even as the company faced a 3.9% decline in its stock value last Wednesday.

Strategic Investment in ARK ETFs

The renamed ARK Innovation ETF, led by Wood, added 93,965 Tesla shares to its portfolio, and the ARK Autonomous Technology & Robotics ETF added another 17,422 shares. These acquisitions represent an approximate value of 27.5 million dollars.

Tesla: A Year of Exceptional Growth in 2023

Although Tesla shares, under the leadership of Elon Musk, saw a recent decline, its value has seen notable growth, doubling in 2023.

Long-Term Vision and Investment Diversification

In recent months, Wood has been diversifying his investments, selling part of his stake in Tesla to fund purchases in other companies such as UiPath and Block. However, he remains optimistic about Tesla’s future, predicting that it could reach a value of $2,000 per share by 2027, especially with the development of robotaxis, which would push its market capitalization to more than $5 trillion.

Varied Perspectives on Tesla’s Value

Wood has suggested different scenarios for Tesla, setting a price target of $1,400 as his most conservative forecast and $2,500 as his most ambitious expectation.

So Tesla remains a key investment in Wood’s ARKK fund, coming in second with a 7.6% stake, down from 11.4% in September. The fund’s largest investment currently is Coinbase Global, which represents 10.9%.

Wood’s Commitment to Innovation

Wood has demonstrated an ongoing commitment to companies leading business transformation, with Tesla being a clear example of this. His confidence in Tesla is based on the shift toward electric vehicles and the company’s advanced artificial intelligence capabilities.

Finally, Wood has called Tesla the biggest opportunity in the world in terms of artificial intelligence, highlighting its potential in this emerging field.