TLDR
- ARK’s ARKQ ETF bought 33,210 TSLA for ~$11.4M on April 8, 2026
- Wood has purchased $27.8M of Tesla so far this week
- ARKQ sold 33,812 Teradyne (TER) for ~$12.1M after an 11.8% price surge
- ARK also sold Roku (ROKU) and reduced exposure to Strata Critical Medical
- TSLA holds a Hold consensus on TipRanks with an average price target of $393.97
Cathie Wood’s ARK Invest kept buying Tesla on Wednesday, April 8, picking up 33,210 TSLA through the ARKQ ETF for roughly $11.4 million. That brings her total Tesla purchases this week alone to $27.8 million.
This follows $16.4 million in buys over the two prior days. Wood is clearly not deterred by the sell-off.
Tesla has dropped 23.7% year-to-date. Investors have been frustrated by missed Q1 2026 delivery estimates, cooling EV demand, and the phasing out of the legacy Model X and S vehicles.
CEO Elon Musk’s divided attention across multiple ventures has also weighed on sentiment. Throw in SpaceX-Tesla merger rumors, and the stock has had a rough ride.
Wood is betting that Tesla’s future isn’t really about cars. She sees it becoming a software-driven platform built around self-driving services, with gross margins potentially hitting 70–80%.
That would put Tesla in line with the broader tech sector rather than traditional automakers. It’s an ambitious call, but one Wood has held for years.
ARK Sells Teradyne After 11.8% Surge
On the sell side, ARKQ offloaded 33,812 Teradyne (TER) for $12.1 million. TER had surged 11.8% after Goldman Sachs named it the top semiconductor stock to buy during the market recovery.
ARK appears to have used that spike as an exit opportunity, locking in gains as part of its ongoing reduction of the Teradyne position.
ARK also sold 26,770 Roku (ROKU) across its ARKK and ARKW ETFs for around $2.6 million. That continues a pattern of consistent Roku offloading in recent sessions.
Smaller buys included 19,653 Kodiak AI (KDK) for $152,310 and 12,516 GeneDx Holdings (WGS) for $837,195. ARK also trimmed its Strata Critical Medical (SRTA) position, selling 62,882 for $255,300.
Tesla’s AI and Chip Ambitions
Tesla is also building out its Terafab project in Austin, Texas — a massive fabrication plant targeting 1 terawatt of annual AI chip capacity per year.
Intel (INTC) is joining the project alongside SpaceX and xAI. Intel’s chip design and fabrication expertise is expected to speed up construction and cut down on delays.
Not all analysts are convinced by the AI and robotics pivot. TSLA currently holds a Hold consensus on TipRanks, based on 13 Buy, 11 Hold, and 8 Sell ratings.
The average price target sits at $393.97, implying around 14.8% upside from current levels.
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