Tesla Is Now Biggest-Ever Weighting in ARKK After 80% Stock Gain
- EV maker accounts for 15% of ARKK’s $6.2 billion in assets
- Tesla reclaimed top ARKK spot in April, surpassing Coinbase
Tesla now represents 15.4% of the ARK Innovation ETF.
Photographer: David Paul Morris/BloombergThe big rebound in Tesla Inc. shares over the past few months has pushed the electric-vehicle maker to its highest-ever weighting in Cathie Wood’s flagship $6.2 billion exchange-traded fund.
Tesla now represents 15.4% of the ARK Innovation ETF (ticker ARKK) after rallying more than 80% from its 2024 low set in April, data compiled by Bloomberg show. That’s even after the fund trimmed its positions in the Elon Musk-led company in recent weeks.