ARK Invest Scoops Up Tesla (TSLA) Shares While Offloading Figma Stake

Key Highlights

Table of Contents

ARK Invest acquired 160,151 shares of Tesla distributed among four ETFs, totaling approximately $59.9 million following Tesla’s nearly 15% stock decline
Tesla’s second-quarter operating profit reached approximately $400 million, falling short of Wall Street projections by $1.3 billion
ARK divested 976,368 Figma shares through two ETFs, generating roughly $21 million
ARK acquired 130,136 shares in Circle Internet Group valued at approximately $8.6 million
Additional portfolio reductions included Robinhood, Deere, Twist Bioscience, and 10X Genomics

On Thursday, July 23, Cathie Wood’s ARK Invest executed a substantial acquisition of Tesla shares amid a steep price decline triggered by disappointing earnings results. Simultaneously, the investment firm liquidated a significant portion of its Figma holdings and expanded its Circle Internet position.

Tesla, Inc., TSLA

The electric vehicle manufacturer posted second-quarter operating profit figures hovering around $400 million. This result came in approximately $1.3 billion short of analyst expectations. Tesla’s stock tumbled nearly 15% during Thursday’s trading session. ARK capitalized on the price drop.

The investment firm accumulated 160,151 shares of Tesla distributed across four separate funds: ARK Innovation ETF, ARK Space & Defense Innovation ETF, ARK Next Generation Internet ETF, and ARK Autonomous Technology & Robotics ETF. The combined transaction reached an estimated value of $59.9 million.

Tesla represents the top holding within ARK Innovation ETF, comprising nearly 10% of total fund assets. ARK has maintained unwavering support for Tesla despite the stock’s underwhelming performance throughout the current year.

Heading into Friday’s session, Tesla showed a 29% decline year to date and a 3% decrease over the trailing twelve months. The stock experienced an additional 0.6% pullback during early Friday activity, trading near $317.86.

Tesla’s Core Metrics Show Weakness

Tesla’s second-quarter deliveries reached approximately 480,000 vehicles, representing a 25% year-over-year increase. Despite this volume expansion, reduced pricing power and elevated operating costs undermined profitability metrics.

The company currently trades at more than 150 times forward earnings estimates. By comparison, other Magnificent Seven stocks maintain an average valuation around 24 times forward earnings. This substantial valuation premium has generated investor concern.

Tesla introduced a robotaxi service in Austin, Texas during June 2025. While the program has extended to several additional cities, adoption rates have remained modest.

Figma Divestment and Broader Portfolio Trimming

Among ARK’s selling activity, the firm liquidated 976,368 Figma shares through its ARKK and ARKW ETFs, generating approximately $20.96 million. This transaction extends ARK’s recent trend of scaling back Figma exposure.

Additional divestments included 45,713 shares of Twist Bioscience and 152,597 shares of 10X Genomics. Both transactions occurred within the ARKK ETF and signal a retreat from biotechnology holdings.

Robinhood experienced another reduction as ARK sold 40,553 shares via its ARKW fund. The sustained selling pattern across multiple sessions indicates a strategic withdrawal from the digital brokerage platform.

The firm reduced its Deere position by 15,177 shares spread across three ETFs, valued at approximately $9.2 million.

Circle Internet Expansion and Minor Acquisitions

ARK purchased 130,136 shares of Circle Internet Group distributed among ARKK, ARKW, and ARKF ETFs, totaling roughly $8.6 million. Circle Internet specializes in digital finance and blockchain infrastructure, sectors where ARK has been building larger positions.

Additional minor acquisitions included 31,016 shares of Compass Pathways valued at $370,020 and 48,377 shares of Securitize Corp worth $371,051.

These transactions reflect ARK’s ongoing portfolio realignment—reducing biotechnology and brokerage exposure while reinforcing its Tesla conviction and expanding into cryptocurrency-related companies like Circle Internet.

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