--- title: "Cathie Wood Doubles Down On Tesla Amid 60% Downside Warning: Ark Adds Another $11.4 Million Worth Of TSLA Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/282133364.md" description: "Ark Invest, led by Cathie Wood, purchased $11.4 million worth of Tesla Inc. (TSLA) shares amid mixed analyst opinions and market volatility. This acquisition of 33,210 shares comes despite warnings from analysts, including JPMorgan's Ryan Brinkman, about Tesla's high inventory levels and a potential 60% downside. Ark's bullish outlook contrasts with Tesla's recent stock decline of over 13% this month and nearly 21% year-to-date. The firm has invested a total of $27.8 million in Tesla this week, following a favorable regulatory decision regarding Tesla's Smart Summon feature." datetime: "2026-04-09T02:54:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282133364.md) - [en](https://longbridge.com/en/news/282133364.md) - [zh-HK](https://longbridge.com/zh-HK/news/282133364.md) --- # Cathie Wood Doubles Down On Tesla Amid 60% Downside Warning: Ark Adds Another $11.4 Million Worth Of TSLA Stock **Ark Invest**, led by **Cathie Wood**, executed a significant trade on Thursday by purchasing shares of **Tesla Inc.** (NASDAQ:TSLA). This move comes amid mixed analyst opinions and market volatility surrounding the electric vehicle giant. ## The Tesla Trade **ARK Innovation ETF** (BATS:ARKK) acquired 33,210 shares of the **Elon Musk**\-led company. The purchase was made amid recent bearish sentiment among analysts, including **JPMorgan’s Ryan Brinkman**, who highlighted concerns about Tesla’s growing inventory levels. Brinkman pointed out that Tesla had a record 50,363 unsold vehicles at the end of the first quarter, which could potentially lead to a significant drop in stock value. He reiterated an Underweight rating with a $145 price target, suggesting a possible 60% downside from its current price. Despite these concerns, Ark Invest’s decision to buy more Tesla shares aligns with their long-term bullish outlook. The purchase follows a recent favorable regulatory decision from the **National Highway Traffic Safety Administration**, which closed its investigation into Tesla’s Smart Summon feature. This regulatory win, however, contrasts with the stock’s recent performance, as it has experienced a decline of over 13% in the past month and nearly 21% year-to-date. Ark's latest Tesla purchase was valued at roughly $11.4 million, based on Wednesday's closing price of $343.25. Combined with $16.4 million in Tesla shares bought on Monday and Tuesday, the firm's total purchases this week reached $27.8 million. Tesla shares have fallen 13.9% so far this month and are down 21.6% year-to-date. ## Other Key Trades - Sold 26,770 **Roku** **Inc.** (ROKU) shares via **ARKK** and **ARKW**. - Purchased 19,653 **Kodiak AI Inc**. (KDK) stock through **ARKQ**. **Benzinga Edge Stock Rankings** indicate Tesla stock has a Momentum in the 42nd percentile and Value in the 3rd percentile. This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal _Photo: Jonathan Weiss / Shutterstock.com_ ### Related Stocks - [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md) - [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md) - [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md) - [TESL.US](https://longbridge.com/en/quote/TESL.US.md) - [ARKK.US](https://longbridge.com/en/quote/ARKK.US.md) - [TSLZ.US](https://longbridge.com/en/quote/TSLZ.US.md) - [TSL.US](https://longbridge.com/en/quote/TSL.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) ## Related News & Research - [Cathie Wood Isn't Flinching, Purchases Tesla Dip Again — Ark Also Loads Up On Robinhood Shares](https://longbridge.com/en/news/281970488.md) - [Cathie Wood Defies Delivery Slump and Bets $14M on Tesla's (TSLA) Dip, Dumps Teradyne Stock (TER)](https://longbridge.com/en/news/281823433.md) - [Tesla’s South Korea Sales Defy Global Slump, Q1 Deliveries jump 335%](https://longbridge.com/en/news/281858676.md) - [Tesla's lower-cost EV plan seen boosting volume, risking margins](https://longbridge.com/en/news/282232881.md) - [WestHill Financial Advisors Inc. Buys 2,844 Shares of Tesla, Inc. $TSLA](https://longbridge.com/en/news/281756433.md)