ARK Invest bought an estimated 450,000 TSLA shares for roughly $175 million in 45 days as Tesla sits 24% below its 2025 close. Tesla's Q2 earnings miss, with EPS of $0.33 against a $0.54 estimate, triggered an 18% stock drop to a 52-week low. Cathie Wood's 2029 price target of $2,600 implies over 700% upside, while Wall Street's consensus target sits at just $395.
The most widely read finance newsletter on Substack isn't published by a bank, it's Doomberg, where 383,000+ readers get the energy and macro analysis the mainstream press misses. 24/7 Wall St. readers save 17% on their first year here. Cathie Wood's ARK Invest has poured cash into Tesla (NASDAQ:TSLA) at a pace unmatched among the Magnificent Seven, buying an estimated 450,000 shares across roughly 45 days from June 21 to Aug. 5, 2026, worth an estimated $170 million to $180 million. The buying trail, reconstructed from separately dated reports by multiple outlets rather than a single ARK or SEC disclosure, comes as Tesla stands out as the weakest Mag 7 name of the year.
Per Motley Fool, ARK's combined Tesla holdings across its ETF family stood at $870.6 million as of the Aug. 5 purchase. Through the Aug. 14 close, Tesla was down 23.89%, closing at $342.27, from $449.72 at the end of 2025. The rest of the Mag 7 looked very different: Meta down 10.49%, at $589.85; Microsoft up 2.89%, at $495.40; Alphabet up 10.65%, at $345.90; Apple up 12.84%, at $305.93; Amazon up 13.79%, at $262.65; and NVIDIA up 20.87%, at $225.16.
Tesla is the only Mag 7 name down more than 20% on the year. Before Doomberg published a word, its team spent long careers in heavy industry, private equity, and the hard sciences. They take no advertisers and serve no institution — which is why their lateral-thinking coverage of energy, finance, and geopolitics reads nothing like consensus financial media.
Doomberg has set aside a discounted rate exclusively for 24/7 Wall St. readers — it isn't available on their main page. The stock fell 18% following its Q2 2026 earnings report, when Tesla posted Q2 revenue of $28.24B (+25.5% YoY) but non-GAAP EPS of $0.33 against a $0.54 estimate and operating margin compressed to 1.4%. The stock reached a fresh 52-week low around Aug. 5, 2026.
Direction has since turned: Tesla is up 4.17% over the past week, from $328.58 on Aug. 7 to $342.27 on Aug. 14, though it is down 13.23% over the past month and up 1.99% over a full year. Days after ARK trimmed Tesla to fund its SpaceX position, GuruFocus reported ARK bought 54,815 shares on June 21, 2026, followed by 21,226 shares on June 24, approximately $8.1 million. On July 2, 2026, ARK added 96,935 shares, approximately $38.1 million, reported as the largest single-day Tesla buy of 2026 to that point.
Extract — continue reading at the source.
