Quick Summary
- ARKQ ETF acquired 33,210 shares of TSLA worth approximately $11.4M on April 8, 2026
- ARK’s weekly Tesla purchases reached $27.8M total
- ARKQ divested 33,812 shares of Teradyne (TER) worth approximately $12.1M following an 11.8% rally
- Additional sales included Roku (ROKU) and Strata Critical Medical positions
- Analyst consensus rates TSLA as Hold on TipRanks with a $393.97 average target price
Cathie Wood’s ARK Invest continued accumulating Tesla shares on Wednesday, April 8, acquiring 33,210 TSLA shares through the ARKQ ETF for approximately $11.4 million. The week’s cumulative Tesla purchases now total $27.8 million across ARK’s portfolio.
The previous two trading sessions saw $16.4 million in Tesla acquisitions. Wood maintains her conviction despite ongoing market pressure on the electric vehicle manufacturer.
Tesla shares have declined 23.7% since the start of the year. Market participants express concern over first-quarter 2026 delivery shortfalls, weakening electric vehicle momentum, and the company’s decision to discontinue production of the Model X and Model S legacy vehicles.
CEO Elon Musk’s engagement across numerous business ventures has created additional investor uncertainty. Speculation surrounding potential SpaceX-Tesla consolidation has further complicated the stock’s trajectory.
Wood’s investment thesis centers on Tesla’s transformation into a technology company rather than a traditional automotive manufacturer. She envisions the company evolving into a software-centric autonomous vehicle platform, with gross margin potential ranging from 70–80%.
Such profitability levels would align Tesla with software and technology companies rather than conventional car manufacturers. Wood has maintained this perspective consistently over multiple years.
Teradyne Exit Following Goldman Sachs Upgrade
On the disposition side, ARKQ sold 33,812 shares of Teradyne (TER) for $12.1 million. TER experienced an 11.8% price jump after Goldman Sachs designated it as the premier semiconductor investment opportunity during the current market rebound.
ARK capitalized on this price momentum as an exit point, securing profits while continuing to reduce overall Teradyne exposure across its portfolio.
ARK divested 26,770 shares of Roku (ROKU) across its ARKK and ARKW ETFs for approximately $2.6 million. This transaction extends ARK’s ongoing Roku reduction strategy across multiple trading sessions.
Additional acquisitions featured 19,653 shares of Kodiak AI (KDK) for $152,310 and 12,516 shares of GeneDx Holdings (WGS) for $837,195. ARK also reduced its Strata Critical Medical (SRTA) holdings by 62,882 shares for $255,300.
Tesla’s Semiconductor Manufacturing Initiative
Tesla continues advancing its Terafab project in Austin, Texas — an extensive fabrication facility designed to produce 1 terawatt of AI chip capacity annually.
Intel (INTC) has partnered with the initiative alongside SpaceX and xAI. Intel’s semiconductor design capabilities and manufacturing infrastructure are anticipated to accelerate construction timelines and minimize potential setbacks.
Analyst perspectives on Tesla’s artificial intelligence and robotics strategy remain mixed. The stock carries a Hold consensus on TipRanks, derived from 13 Buy recommendations, 11 Hold ratings, and 8 Sell opinions.
The consensus price target stands at $393.97, representing potential appreciation of approximately 14.8% from present trading levels.
