ARK Invest Shifts Gears: Cathie Wood Trims Tesla Stake, Doubles Down on TSM & Baidu

Cathie Wood's ARK makes a bold pivot—scaling back on Elon's golden child while betting big on semiconductor and AI plays.

TSM and Baidu get the nod as ARK rebalances for the next tech cycle. Because nothing says conviction like selling high and buying higher.

Wall Street analysts shrug—just another day of 'disruptive innovation' musical chairs. Meanwhile, Tesla bulls whisper: 'Is this the top?'

TLDR

• Cathie Wood’s ARK Invest sold about 5,400 Tesla shares worth $2.4 million on November 10, continuing to reduce its position in the electric vehicle maker.
• ARK purchased 173,798 shares of Pony AI valued at $2.5 million, showing confidence in autonomous driving technology.
• The firm bought 16,598 Taiwan Semiconductor shares worth $4.9 million as AI-related chip demand remains strong.
• ARK added 94,095 Baidu shares valued at $12.4 million, increasing exposure to Chinese AI companies.
• Tesla’s China sales dropped 9.9% year-over-year to 61,497 units in October and fell 32.3% from the previous month.

Cathie Wood’s ARK Invest executed trades on November 10 that reduced its Tesla position while adding shares in artificial intelligence and semiconductor companies. The moves reflect ongoing portfolio adjustments as the firm manages its exposure to different technology sectors.

Tesla, Inc., TSLA

ARK sold approximately 5,400 Tesla shares across multiple funds. The sale totaled around $2.4 million based on Tesla’s closing price of $445.23.

This marks another reduction in ARK’s Tesla holdings. The firm has been trimming its position to rebalance the stock’s weighting across its portfolio.

Tesla shares have experienced volatility in recent trading sessions. Investors are monitoring the company’s delivery numbers and competition in the electric vehicle market.

Data from the China Passenger Car Association shows Tesla’s China-made vehicle sales declined 9.9% year-over-year in October. Sales reached 61,497 units during the month.

The month-over-month comparison shows a sharper decline. Tesla’s October sales in China fell 32.3% compared to September figures.

Investments in Autonomous Driving

ARK’s Autonomous Technology & Robotics ETF purchased 173,798 Pony AI shares. The investment totaled approximately $2.5 million at a closing price of $14.45 per share.

Pony AI Inc. American Depositary Shares, PONY

Pony AI operates in the self-driving vehicle sector. The company recently produced its 300th ARCFOX Alpha T5 robotaxi in partnership with BAIC Group.

The autonomous driving company also completed a Hong Kong IPO. Pony AI priced shares at HK$139 each, raising about HK$6.7 billion from selling 48.25 million shares.

Trading began on the Hong Kong Stock Exchange on November 6 under ticker code 2026. The company plans to use proceeds for commercializing Level 4 autonomous driving technology and research development.

Semiconductor and AI Purchases

ARK’s Space Exploration & Innovation ETF acquired 16,598 Taiwan Semiconductor shares. The purchase was valued at roughly $4.9 million.

Taiwan Semiconductor reported strong October financial results. Demand for advanced chips continues to drive the company’s revenue growth.

The semiconductor manufacturer supplies major technology companies including Nvidia and Tesla. Its role in the chip industry remains central to AI infrastructure development.

ARK also invested heavily in Baidu, purchasing 94,095 shares worth approximately $12.4 million. The purchases occurred across the ARKK and ARKQ ETFs.

Baidu operates as a major player in China’s artificial intelligence sector. The company maintains active initiatives in AI development and technology despite regulatory challenges.