Cathie Wood Pouring Cash Into Least Loved Mag 7 Stock, Buying An Estimated 450,000 Shares In 45 Days
AJ TiarsmithMon, August 17, 2026 at 2:10 PM GMT+3 5 min read
Quick Read
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ARK Invest bought an estimated 450,000 TSLA shares for roughly $175 million in 45 days as Tesla sits 24% below its 2025 close.
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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.
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Cathie Wood's 2029 price target of $2,600 implies over 700% upside, while Wall Street's consensus target sits at just $395.
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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.
Tesla's 2026 Backdrop
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.
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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.
The Reported Buying Trail
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.
Blockonomi reported that immediately after the Q2 selloff, ARK bought 160,151 shares on July 23, 2026, roughly $50 to $60 million. Ark Invest Tracker via crypto.news then reported 40,281 shares on July 28, approximately $12.4 million. Motley Fool reported an estimated 45,000 shares on Aug. 5, approximately $14.3 million, with the exact share count backed into from the dollar amount and that day's price.
What the Filings Can and Cannot Confirm
ARK Investment Management's 13F, filed Aug. 14, 2026 and covering the quarter ended June 30, 2026, reported 2,759,800 Tesla shares valued at $1,160,772,073, representing 0.0699% of the class. That filing also showed a net reduction of 71,529 shares over the second quarter. Readers can view it via Tesla's SEC filings page.
The Motley Fool figure covers four ETFs as of Aug. 5, while the 13F covers the entire manager as of June 30. A 13F is a quarter-end snapshot with no trade dates and no individual buys or sells. The Q2 net reduction is consistent with the reported timeline, because ARK sold Tesla earlier in the quarter to fund SpaceX before resuming purchases in late June. The July and August buys fall in the third quarter, which will not be disclosed until roughly mid-November 2026, and only as a single net figure.
The Position and Broader Activity
Per Motley Fool, the $870.6 million ETF-family position split as ARK Innovation Fund $545.4 million (10.06% weight), Autonomous Technology & Robotics ETF $181.1 million (9.79%), Next Generation Internet ETF $120.6 million (7.86%), and Space & Defense Innovation ETF $23.4 million (3.33%). Per TheStreet, during July 24 to 28, ARK also bought Circle Internet Group, WeRide, Kodiak AI and Pony AI while trimming Figma, 10x Genomics and Caterpillar.
Wood's Stated Thesis
Wood maintains a 2029 Tesla price target of $2,600 per share, implying an upside of more than 700% from recent levels. Her rationale centers on Tesla's autonomous vehicle ambitions, robotaxis and full self-driving technology, which she has said represent most of Tesla's upside. ARK has bought into most Tesla declines during 2026 rather than reducing exposure.
Wall Street sits far from that mark. The analyst target price is $395.34, with ratings split across 6 Strong Buy, 17 Buy, 18 Hold, 4 Sell and 2 Strong Sell. Whether Wood's conviction pays off or compounds losses in the weakest Mag 7 name of 2026 remains an open question.
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