Tesla’s recent rally has propelled the stock to its highest-ever weighting in ARK Innovation ETF, managed by ARK Invest. This increase in Tesla’s share price has significantly boosted the overall value of the ETF, as Tesla now holds the largest position within it. The surge in Tesla’s stock price has led to a reshuffling of the ETF’s holdings, with Tesla now making up a larger portion of the fund than ever before. This development underscores the impact that Tesla’s performance has on the broader market, particularly in the realm of innovative and disruptive technologies. Investors are closely monitoring Tesla’s movements as it continues to dominate the ARK Innovation ETF.