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Tesla bull ARK loads up on over $20M in TSLA shares after stock slide

  • Tesla bull ARK Invest loaded up on over $20 million worth of the automaker’s shares on Monday after the company saw its largest slide on the market since late 2020.
  • Shares dropped over 15 percent on Monday, mostly due to pushback on the stock as CEO Elon Musk heads the Department of Government Efficiency (DOGE).
  • ARK believes Tesla shares will be exponentially more expensive in the long term, especially with the potential growth of Robotaxi and AI/Optimus.
  • ARK increased its position on TSLA in its ARKK Innovation ETF with the purchase of 68,164 shares.

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