Cathie Wood’s ARK Invest Buys $14M in Tesla Stock While Cutting Teradyne Position

TLDR

• ARK Invest bought 39,691 Tesla shares worth $14.3M across three ETFs on April 6, 2026
• Tesla stock fell over 2% to $352.82 after a weak Q1 delivery report
• ARK sold 25,240 shares of Teradyne worth $7.8M, continuing a multi-day selloff
• Wedbush analyst Dan Ives kept a Buy rating and $600 price target on Tesla
• JPMorgan’s Ryan Brinkman kept a Sell rating with a $145 price target

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Cathie Wood’s ARK Invest made a series of trades on Monday, April 6, 2026, buying into Tesla while cutting its position in semiconductor testing company Teradyne.

Tesla shares dropped more than 2% on the day, closing at $352.82. The drop came after the company posted a weaker-than-expected Q1 delivery report.

Tesla, Inc., TSLA

Wood bought 39,691 Tesla shares across three ETFs — ARK Innovation, ARK Autonomous Technology & Robotics, and ARK Space Exploration & Innovation. The total purchase was worth around $14.3 million.

This wasn’t a one-off move. ARK has been building its Tesla position steadily, using the recent price weakness as a buying opportunity.

On the sell side, ARK offloaded 25,240 Teradyne shares worth $7.8 million across its ARKK and ARKQ funds. This follows earlier sales on March 30 and March 31, pointing to a deliberate exit from the stock.

Wall Street Is Split on Tesla

Not everyone shares Wood’s confidence in Tesla right now.

Wedbush analyst Dan Ives, a five-star-rated analyst, kept his Buy rating and $600 price target after the delivery report. He called the results weak but said soft demand had already been expected by most analysts.

JPMorgan analyst Ryan Brinkman took the opposite view. He kept his Sell rating with a price target of $145, saying Tesla’s results have “collapsed” across key metrics.

The gap between those two price targets — $145 versus $600 — shows how divided Wall Street is on the stock’s direction.

Among 32 analysts tracked over the last three months, Tesla holds a consensus Hold rating. That breaks down as 13 Buy, 11 Hold, and 8 Sell recommendations.

The average price target sits at $393.97, which would represent about 11.66% upside from where shares closed on Monday.

ARK’s Other Moves on April 6

ARK also sold 29,773 shares of BWX Technologies for $6.4 million and 8,484 shares of Cameco for $955,043.

The fund also sold 92,758 shares of Strata Critical Medical, bringing in around $384,945. That selling has continued since the prior week.

On the buying side, ARK added 4,394 shares of Kodiak AI through its ARKQ ETF, totaling $32,603. ARK has been accumulating Kodiak AI shares since March 30.

Most Recent Data Point

As of April 6, Tesla shares closed at $352.82, with the consensus analyst price target of $393.97 suggesting limited but positive upside at current levels.

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