TSLA: Cathie Wood Dumps Tesla Again While Shares Jumps

Tesla Stock Defies ARK Sell-Off as Autonomy Optimism Lifts Shares

Nauman Khan 

12/16/2025 11:08

 

Summary

• The purchases of Bitmine, CoreWeave and Circle alongside trims to Shopify and SoFi signal selective profit-taking and a pivot toward bitcoin mining, payments and AI compute

Cathie Wood's ARK Investment Management disclosed fresh portfolio moves on Monday, showing selling in Tesla (TSLA, Financial) and new buying across crypto-linked names.

ARK sold about 125,000 shares of Tesla, extending a trimming trend seen late last week. The sale came as Tesla shares climbed about 3.5% on Monday, supported by renewed investor interest in autonomous-driving progress.

On the buying side, ARK added to its cryptocurrency exposure. The firm bought roughly 65,000 shares of Coinbase Global (COIN, Financial), even as the stock slid about 6% in Monday trading amid broader weakness in crypto-related equities.

ARK also took a larger position in Bitmine Immersion Technologies (BMNR, Financial), purchasing more than 550,000 shares. The move points to continued interest in bitcoin mining and blockchain infrastructure.

Additional buys included CoreWeave (CRWV, Financial) and Circle Internet Group (CRCL, Financial), adding exposure to AI computing and digital payments.

Elsewhere, ARK reduced smaller positions. The firm sold shares of Shopify (SHOP, Financial) and SoFi Technologies (SOFI, Financial), suggesting selective profit-taking and rebalancing.