Key Highlights
- ARK’s ARKQ fund acquired 33,210 Tesla shares worth approximately $11.4M on April 8, 2026
- Total Tesla purchases by Wood’s funds reached $27.8M for the week
- ARKQ divested 33,812 shares of Teradyne (TER) worth roughly $12.1M following 11.8% rally
- ARK reduced holdings in Roku (ROKU) and Strata Critical Medical
- Tesla maintains Hold rating on TipRanks with $393.97 average analyst target
Cathie Wood’s investment firm ARK Invest continued its aggressive Tesla accumulation on Wednesday, April 8, acquiring 33,210 shares through its ARKQ fund for approximately $11.4 million. The purchase extends Wood’s Tesla buying spree to $27.8 million for the week.
The Wednesday transaction followed earlier weekly purchases totaling $16.4 million across the previous two trading sessions. Wood appears undaunted by Tesla’s recent market struggles.
Shares of the electric vehicle manufacturer have declined 23.7% since the start of the year. Market participants have expressed concern over underwhelming first-quarter 2026 delivery figures, weakening consumer demand for EVs, and the company’s decision to discontinue its original Model X and Model S product lines.
Founder and CEO Elon Musk’s involvement in numerous other business ventures has contributed to investor uncertainty. Speculation regarding a potential merger between SpaceX and Tesla has further complicated the stock’s trajectory.
Wood maintains her conviction that Tesla’s long-term value proposition extends far beyond vehicle manufacturing. Her thesis centers on the company’s transformation into a software-powered autonomous transportation platform, with projected gross profit margins reaching 70–80%.
Such profitability would align Tesla more closely with high-margin technology companies rather than conventional automotive manufacturers. While highly ambitious, Wood has consistently advocated this perspective for several years.
ARK Takes Profits on Teradyne Following Goldman Endorsement
On the divestment front, ARKQ liquidated 33,812 shares of Teradyne (TER) valued at $12.1 million. The semiconductor equipment manufacturer’s stock jumped 11.8% after Goldman Sachs highlighted it as the premier semiconductor play during the market’s rebound phase.
ARK strategically capitalized on the price momentum to exit the position, securing profits while continuing its gradual Teradyne exposure reduction.
The firm also disposed of 26,770 Roku (ROKU) shares across its ARKK and ARKW funds for approximately $2.6 million. This represents a continuation of ARK’s steady Roku position trimming over multiple recent trading days.
Smaller acquisitions included 19,653 shares of Kodiak AI (KDK) for $152,310 and 12,516 shares of GeneDx Holdings (WGS) for $837,195. ARK additionally decreased its Strata Critical Medical (SRTA) holdings by selling 62,882 shares for $255,300.
Tesla Advances AI Infrastructure with Terafab Initiative
Meanwhile, Tesla continues expanding its Terafab facility in Austin, Texas — an ambitious semiconductor manufacturing complex designed to produce 1 terawatt of AI processing chip capacity annually.
Intel (INTC) has partnered with the initiative alongside SpaceX and xAI. Intel’s semiconductor design capabilities and fabrication experience are anticipated to accelerate development timelines and minimize potential construction setbacks.
However, not all market analysts share Wood’s optimism regarding Tesla’s AI and robotics strategy. Tesla currently receives a Hold consensus rating on TipRanks, reflecting 13 Buy recommendations, 11 Hold ratings, and 8 Sell ratings.
The consensus analyst price target stands at $393.97, suggesting potential upside of approximately 14.8% from present trading levels.
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