Tesla Down 22% in 2026 as ARK Invest Buys Shares
Tesla shares have fallen 22% so far this year, contributing to a $1.1 trillion market-cap decline among Magnificent Seven stocks. Cathie Wood's ARK Invest added TSLA to its portfolio as Tesla and peers boost AI spending by 70% to $680 billion in 2026, partly funded by debt.
1. Tesla Shares Fall 22% and ARK Invest Adds Position
Tesla shares have dropped 22% so far this year, marking one of the steepest declines among leading large-cap technology firms. Cathie Wood's ARK Invest capitalized on the pullback by adding TSLA shares to its flagship ETF, signaling a bullish stance despite recent underperformance.
2. Magnificent Seven Shed $1.1 Trillion While AI Spending Jumps
Tesla's downturn coincides with a broader slump in the Magnificent Seven, which collectively lost $1.1 trillion in market value. These giants plan to increase AI-related capital expenditures by 70% to $680 billion in 2026, funding this surge partly with new debt and raising concerns over profit margins.