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ARK Invest buys $170M in Tesla shares amid its 2026 slump, betting on a big rebound.

Market News
17 Aug 2026
24/7 Wall Street
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Bullish
ARK Invest buys $170M in Tesla shares amid its 2026 slump, betting on a big rebound.

ARK Invest has purchased about 450,000 Tesla shares worth $170-$180 million between June 21 and August 5, 2026, despite Tesla being the weakest performer among the top tech stocks this year, down nearly 24%. Tesla's stock dropped after a mixed Q2 earnings report but has shown some recent recovery. Cathie Wood's ARK remains bullish, targeting a $2,600 Tesla share price by 2029 based on autonomous vehicle and self-driving tech potential. Wall Street analysts are more cautious, with a consensus price target of $395.34 and mixed ratings. ARK's buying signals confidence in Tesla's long-term growth despite short-term challenges.

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Tesla stock often swings 8%+ after earnings, showing high volatility in recent reports.

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Tesla's stock has shown significant volatility around earnings reports, moving 8% or more after 10 of its last 15 earnings announcements. This pattern highlights the market's strong reaction to Tesla's financial results, making its stock particularly...

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Tesla stock often swings 8%+ after earnings, showing high volatility in recent reports.

Tesla stock often swings 8%+ after earnings, showing high volatility in recent reports.

Tesla's stock has shown significant volatility around its earnings reports, moving 8% or more after 10 of its last 15 earnings announcements. This pattern highlights the market's strong reaction to Tesla's financial performance and guidance. Investor...

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13 hours ago
Court blocks Tesla self-driving buyers from suing as a class, easing legal risk but stock still falls.

Court blocks Tesla self-driving buyers from suing as a class, easing legal risk but stock still falls.

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Tesla unveils next-gen Roadster, but shares need 182% gain to hit $1,000 amid mixed investor reaction.

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Tesla stays a high-risk, high-reward stock with strong Q3 deliveries and long-term AI growth potential.

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