Cathie Wood's Ark Invest Continues To Bet On Tesla, Offloads Kratos Defense And Coinbase

Benzinga
2025.07.12 08:59
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Cathie Wood's Ark Invest made notable trades, purchasing 59,705 shares of Tesla, valued at approximately $18.72 million, and 425,933 shares of Aurora Innovation, worth around $2.23 million. The firm sold 32,446 shares of Roku, valued at about $3.77 million, and offloaded shares of Kratos Defense and Coinbase. Wood remains bullish on Tesla, viewing its Robotaxi venture as a significant opportunity, despite investor concerns following Elon Musk's political re-engagement.

On Friday, Cathie Wood-led Ark Invest made a series of significant trades, with Tesla Inc. TSLA, Roku Inc. ROKU, Archer Aviation Inc. ACHR, Aurora Innovation Inc. AUR, Kratos Defense & Security Solutions Inc. KTOS, Coinbase Global Inc. COIN and BWX Technologies Inc. BWXT

The TSLA Trade: Ark Invest continued its bullish stance on Tesla, purchasing 59,705 shares through its ARK Innovation ETF ARKK and ARK Next Generation Internet ETF ARKW.

This move comes amid investor panic following Elon Musk’s return to politics. Wood has consistently backed Tesla, calling its Robotaxi venture a “trillion-dollar opportunity”.

The value of the Tesla trade, calculated from the latest closing price, is around $18.72 million.

The AUR trade

Ark Invest bought 425,933 shares of Aurora Innovation through the ARK Autonomous Technology & Robotics ETF ARKQ.

The value of the Aurora trade, calculated from the latest closing price, is around $2.23 million.

The ROKU trade

Ark Invest sold 32,446 shares of Roku Inc. The value of the Roku trade, calculated from the latest closing price, is around $3.77 million.

Other Key Trades:

  • ARKK sold 168,990 shares of Archer Aviation Inc.
  • ARK Space Exploration & Innovation ETF ARKX bought 18,387 shares of BWX Technologies.
  • ARKQ and ARKX sold 92,456 shares of Kratos Defense.
  • ARKW sold 5,596 shares of Coinbase Global.
  • Cathie Wood Continues To Back Tesla As Investors Panic Amid Elon Musk’s Return To Politics: Calls Robotaxi Bet A Trillion-Dollar Opportunity

Photo courtesy: ChrisStock82 / Shutterstock.com

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