Cathie Wood's Ark Invest boosts stakes in Tesla, SpaceX, Meta, trimming Figma, Shopify

ARK Invest, led by Cathie Wood, increased its Tesla position by $52.7 million during July 20-24, making TSLA its largest purchase of the week. The buying came after Tesla’s post-earnings selloff, following a weaker-than-expected Q2 report. The article suggests ARK viewed the pullback as an opportunity to add exposure rather than a sign of deteriorating long-term conviction. For Tesla, the trade may signal support from a high-profile growth investor even as near-term sentiment remains pressured by earnings disappointment. No other major portfolio changes relevant to listed instruments were detailed in the excerpt.