{"id":33806,"date":"2026-07-03T14:55:50","date_gmt":"2026-07-03T14:55:50","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cathie-wood-snaps-up-38m-tesla-dip-after-musk-stock-rout\/"},"modified":"2026-07-03T14:55:59","modified_gmt":"2026-07-03T14:55:59","slug":"cathie-wood-snaps-up-38m-tesla-dip-after-musk-stock-rout","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cathie-wood-snaps-up-38m-tesla-dip-after-musk-stock-rout\/","title":{"rendered":"Cathie Wood snaps up $38m Tesla dip after Musk stock rout"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Cathie Wood\u2019s ARK Invest has purchased nearly $38.1 million worth of Tesla shares after the electric vehicle maker suffered its sharpest one-day decline in weeks.<\/p>\n<div id=\"cn-block-summary-block_ff5f58b3e1743838ed41b50148c2bcf4\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Cathie Wood\u2019s ARK Invest bought $38.1 million worth of Tesla shares after the stock fell 7.5% in one session.<\/li>\n<li>The latest purchase follows ARK\u2019s recent $32.5 million investment in SpaceX, increasing exposure to Elon Musk-led companies.<\/li>\n<li>ARK also added $2.2 million of Bullish shares as Wood continues backing crypto-related investments.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to ARK Invest\u2019s latest daily trading disclosure, the investment firm bought 96,935 shares of Tesla across three of its exchange-traded funds on July 2, taking advantage of the stock\u2019s 7.49% drop during the session. Based on Tesla\u2019s closing price of $393.45, the purchases were valued at roughly $38.14 million.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/TSLA\/\" target=\"_blank\" rel=\"nofollow\">Yahoo Finance<\/a><\/figcaption><\/figure>\n<p>The largest allocation went to the ARK Innovation ETF (ARKK), which added 69,723 Tesla shares worth about $27.44 million. The ARK Next Generation Internet ETF (ARKW) acquired shares valued at around $6.91 million, while the ARK Space Exploration &amp; Innovation ETF (ARKX) bought another $3.80 million. ARK\u2019s trading report showed no Tesla purchases for the ARK Autonomous Technology &amp; Robotics ETF (ARKQ).<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Here is every move Cathie Wood and Ark Invest made in the stock market today 7\/2 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/O4W4fxQ3pP\">pic.twitter.com\/O4W4fxQ3pP<\/a><\/p>\n<p>\u2014 Ark Invest Tracker (@ArkkDaily) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/ArkkDaily\/status\/2072837944000250326?ref_src=twsrc%5Etfw\">July 3, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">ARK continues building exposure to Elon Musk companies<\/h2>\n<p>The latest Tesla purchase came a week after ARK Invest disclosed a $32.5 million investment in privately held SpaceX, another company led by Elon Musk. ARK previously noted that the latest transaction had lifted SpaceX into the list of larger holdings across several of its funds, further increasing its exposure to Musk-led businesses.<\/p>\n<p>Tesla shares ended Thursday at $393.45 after falling 7.49% during the session, making the latest purchase appear to be a buy-the-dip move based on ARK\u2019s disclosed transactions. The filing did not state a reason for the trade.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Wood has recently tied her investment outlook to macroeconomic conditions rather than short-term market swings. Speaking last week, she argued that rising geopolitical and economic instability could drive new demand for Bitcoin and other digital assets as investors look for assets that can preserve wealth across borders.<\/p>\n<p>According to Wood, artificial intelligence and cryptocurrencies serve different roles in portfolios rather than competing for the same capital. While AI continues attracting investment because of its growth prospects, she described Bitcoin as an \u201cinsurance policy\u201d that becomes more valuable when confidence in traditional financial systems weakens. She also said capital leaving politically and economically unstable countries could \u201clight another fire\u201d under Bitcoin and the digital asset market.<\/p>\n<h2 class=\"wp-block-heading\">Bullish joins ARK\u2019s latest buying activity<\/h2>\n<p>Alongside Tesla, ARK also expanded its position in crypto-focused stock Bullish (NASDAQ: BLSH), according to the same trading report. The firm purchased 77,251 Bullish shares through ARKK and another 9,732 shares through ARKW, bringing the day\u2019s total acquisition to 86,983 shares.<\/p>\n<p>Bullish closed 1.35% higher at $25.57, putting the value of the latest purchase at roughly $2.22 million.<\/p>\n<p>A day earlier, Strategy co-founder Michael Saylor highlighted strong derivatives activity surrounding his own company. As crypto.news reported, Saylor shared data showing Strategy\u2019s open interest-to-market capitalization ratio stood at nearly 72%, a level he compared with other large technology companies, including Tesla, to argue that Strategy commands stronger participation in the derivatives market.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cathie Wood\u2019s ARK Invest has purchased nearly $38.1 million worth of Tesla shares after the electric vehicle maker suffered its sharpest one-day decline in weeks. Summary Cathie Wood\u2019s ARK Invest&hellip;<\/p>\n","protected":false},"author":1,"featured_media":30638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=33806"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33806\/revisions"}],"predecessor-version":[{"id":33807,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33806\/revisions\/33807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/30638"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=33806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=33806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=33806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}