cathie woodled ark investment management bought more tesla inc tsla shares valued at over 228 million based on monday’s closing price through the company’s ark autonomous tech  robotics etf arkq tesla is the top holding of the fund with a weight of 994 valued at over 89 million this is the second time wood has purchased tesla shares this month as the ev makers shares continue to fall down 79 in five sessions and about 235 in a month ark loaded up over 66000 shares of the ev maker at an estimated valuation of over 13 million on oct 20 via the company’s flagship ark innovation etf arkk when the elon muskled companys shares slumped 66 to close at 20728 after its revenue came in lower than wall street expectations case for tesla ark has made a strong case for tesla stating in its newsletter that fears of declining demand for its vehicles are misplaced “if anything tesla is supplyconstrained at current price points and a 30000 vehicle could expand demand tenfold we would not be surprised if tesla’s nextgeneration vehicle is the cyber robotaxi” said sam korus director of research autonomous technology  robotics at ark korus also explained how the addressable market of tesla will expand “last week during its thirdquarter earnings call elon musk noted that tesla is developing a vehicle that will sell at roughly half the price of the model 3 and model y while vehicles at pricepoints above 60000 address 5 of the total us car market the addressable market expands to 50 at 30000 as shown below” korus said price action tesla shares closed 15 lower at 21125 on monday and fell another 116 in the afterhours session read next cathie woods funds deliver mixed q3 results ark founders shares take on zoom roku teladoc and blockchain