Cathie Wood Doubles Down on Tesla and SoFi With Fresh Million-Dollar Buys
Yahoo Finance ·
Cathie Wood Doubles Down on Tesla and SoFi With Fresh Million-Dollar Buys Nauman Khan Mon, July 6, 2026 at 1:45 PM EDT 1 min read SOFI This article first appeared on GuruFocus . Tesla ( NASDAQ:TSLA ) and SoFi Technologies ( NASDAQ:SOFI ) drew fresh support from Cathie Wood's ARK Invest ahead of the U.S. Independence Day holiday, with the fund adding to both positions. Tesla represented ARK's largest purchase of the session. The firm acquired 96,935 shares valued at about $41.2 million across the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Space Exploration & Innovation ETF. The buying followed Tesla's stronger-than-expected second-quarter delivery results, with the automaker reporting 480,126 vehicle deliveries, exceeding Wall Street expectations. Warning! GuruFocus has detected 2 Warning Signs with SOFI. Is SOFI fairly valued? Test your thesis with our free DCF calculator. Tesla remains the largest holding across ARK's portfolios. The latest purchase signals Wood continues to increase exposure despite the stock remaining lower for the year. SoFi Technologies ( NASDAQ:SOFI ) also received additional investment from ARK. The firm purchased 54,838 shares worth roughly $1 million through the ARK Innovation ETF. The move comes shortly after SoFi expanded its product lineup with the launch of a small-business lending platform, broadening its financial services offerings.
DYAX Investor Sentiment
Bullish (Long) 48% · Bearish (Short) 52%
553 participants
Related News
- SK Hynix and Samsung Have a $2 Trillion Warning for Micron Stock Investors. Is This a Signal to Sell?
- GFL Environmental CEO willing to accept takeover offer around $50/shr - report
- Nvidia denies report its next-generation AI server faces delays, says roadmap is intact
- Dollar declines as weak U.S. jobs data weighs, boosts major currencies
- Agnico Eagle Mines upgraded at Jefferies as volatility makes for attractive entry point
- C3.ai (AI) and Shell Expand Global Predictive Maintenance Partnership