ARK Invest Buys $21.9M TSLA Shares as Wood Rotates into AI

On June 19, ARK Invest resumed purchases of Tesla with 54,815 shares valued at $21.9 million, reversing last week’s trim after SpaceX’s IPO. Cathie Wood’s fund simultaneously added 149,700 Snowflake shares and sold 721,279 Roku shares worth roughly $99.6 million, signaling a clear shift toward AI, cloud, and Musk-linked growth themes. Tesla closed at $400.49, up 1.04%, while ARK continues to hold a 3.29 million share SpaceX position and maintains its long-term $2,600 Tesla price target for 2029.