Tesla Reaches 15.4% Weighting in Cathie Wood's ARK Innovation ETF After 80% Rally

Tesla shares have experienced a significant rebound over the past few months, leading to their highest-ever weighting in Cathie Wood's ARK Innovation ETF (ARKK). Tesla now accounts for 15.4% of the $6.2 billion exchange-traded fund, marking its largest-ever position within the fund. This follows an 80% stock rally since April 2024. Despite a recent 1.6% decline, Tesla's performance has pushed the electric-vehicle maker into the green year-to-date (YTD). Additionally, Tesla's weighting in ARKK is noted to be more than 15.53%.