Kathy Wood, founder of ARK Invest, speaks at the Milken Institute Global Conference in California.
Patrick T. Fallon / AFP / Getty Images
Character size
Kathy Wood, longtime founder of RK Invest
Tesla
Bull. Its 2026 price target for electric-vehicle maker shares is $ 4,600. Tesla, however, is no longer the largest holding in the RK Innovation ETF.
That difference now goes to the video streaming streaming service provider
Years
(Ticker: RKU). It accounts for about 8.4% of ARK Innovation’s holdings. Tesla accounts for about 8.2% of the funds.
The remaining top five holdings are:
Zoom video communication
(ZM) at 7.9%,
The right science
(EXAS) at 5.9% and
Block
(SQ) at 5.7%.
Tesla does not seem to have lost its top spot as part of an explicit trading strategy. Recent stock market performance has changed relative rankings. Coming on Friday trading, Tesla stock fell 27% last month. Roku is down only 12%.
Tesla stock has been damaged by technical sales. The potential purchase of CEO Elon Musk’s Twitter (TWTR) has also become an overhang on the stock. Tesla stock has fallen nearly 38% since the release of Mask’s initial Twitter share. The
S&P 500
And
Nasdaq Composite
The same span decreased by about 15% and 22%.
Investors seem to be worried about how much musk is on his plate. He runs Tesla, SpaceX, The Boring Company and Neurallink. Musk went to Twitter on Friday to reassure Tesla shareholders that Twitter was taking up about 5% of his time and that Tesla was in his head 24/7.
The fall in Tesla stocks, along with other high-growth names, has hit Wood’s funding.
ARK Innovation
23 About 23% less than last month and about 55% less than the date
As interest rates rise, investors are avoiding higher growth, more speculative stocks. High-growth companies make the most of their earnings in the future, and high interest rates make those earnings less valuable when discounted today. This is one of the reasons why rising rates hit richer stocks more than others.
Tesla’s stock rose nearly 2.3% in pre-market trading on Friday. Roku shares gained about 2.5%. S&P 500 and
Dow Jones Industrial Average
The futures rose about 1.1% and 0.9%, respectively.
Enter al route to [email protected]
