Tesla’s recent rally has resulted in the stock becoming the largest holding in ARK Innovation ETF (ARKK). This surge in Tesla’s stock price has led to the company’s weight in the ETF reaching its highest level ever. ARKK, which is managed by Cathie Wood’s ARK Investment Management, focuses on investing in disruptive and innovative companies. The increase in Tesla’s weighting in the ETF is a reflection of the electric car maker’s strong performance in the market. As a result, Tesla now holds a significant position in ARKK, highlighting its importance in the world of innovative and disruptive technologies.
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