/shutterstock_2318800285.jpg)
Cathie Wood, the head of ARK Investment Management, has become one of the biggest names in capital management. Her portfolio zooms in on game-changing industries like genomics, artificial intelligence (AI), robotics, clean energy, and blockchain technology. Wood’s recent moves to ramp up her flagship fund’s stake in Tesla (TSLA) has garnered significant attention amid the stock’s slide, and the Ark Innovation Fund (ARKK) now holds shares worth $628 billion. At 9.75%, TSLA is far and away the largest ARKK holding.
While Cathie Wood maintains her faith in Tesla, other analysts have turned on the stock amid what appears to be a slowdown in growth at the EV company. TSLA has a consensus rating of “Hold” from the 30 analysts in coverage, down from “Moderate Buy” a few months ago.