Tesla Inc.’s substantial rebound in stock price over recent months has propelled the electric vehicle manufacturer to its highest-ever weighting within Cathie Wood’s flagship $6.2 billion exchange-traded fund.
According to data compiled by Bloomberg, Tesla now accounts for 15.4% of the ARK Innovation ETF (ticker ARKK). This surge follows an impressive 80% rally from Tesla’s low point in 2024, which occurred in April. Despite recent reductions in the fund’s holdings of Tesla shares, the company’s weighting within ARKK continues to reach unprecedented levels.
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