Cathie Wood Defies Delivery Slump and Bets $14M on Tesla’s (TSLA) Dip, Dumps Teradyne Stock (TER)

Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made new moves on Monday, April 6, 2026. They cut exposure to semiconductor testing firm Teradyne TER +1.88% ▲ while buying more of Tesla TSLA -2.15% ▼ on the dip, showing strong conviction in the EV stock despite recent weakness.

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**Wood Buys the Dip in Tesla Stock **

Tesla stock has remained under pressure after its weaker-than-expected Q1 delivery report. Shares fell more than 2% on Monday to close at $352.82, and Cathie Wood used the pullback as a clear buying opportunity.  She added 39,691 shares of Tesla across three ETFs — ARK Innovation ETF ARKK +0.35% ▲ , ARK Autonomous Technology & Robotics ETF ARKQ +0.93% ▲ , and ARK Space Exploration & Innovation ETF ARKX +1.34% ▲ — with a total value of about $14.3 million.

Following the delivery report, Wall Street remains split on the stock. On the bullish side, Wedbush’s five-star-rated analyst Dan Ives maintained his Buy rating and $600 price target. He called the report weak but not surprising, noting that soft EV demand was already expected. Still, he sees strong upside from Tesla’s work in AI and self-driving tech.

On the other hand, JPMorgan analyst Ryan Brinkman maintained a Sell rating with a $145 price target. He said Tesla’s results have “collapsed” across key metrics and warned that investors should stay cautious given the risks and long wait for returns.

Even so, Wood’s latest move shows she remains confident in the long-term story of the EV giant.

Is TSLA Stock a Buy Now?

Tesla’s stock has a consensus Hold rating among 32 Wall Street analysts. That rating is based on 13 Buy, 11 Hold, and eight Sell recommendations issued in the last three months. The average TSLA price target of $393.97 implies 11.66% upside from current levels.

What Did Wood Sell on April 6?

The most notable move of the day was ARK’s sharp reduction in Teradyne. Wood sold 25,240 shares, generating about $7.8 million.

This continues a recent trend of reducing her position in the chip equipment company as the semiconductor testing market matures. The stock closed 1.9% higher on Monday.

Is TER a Buy, Sell, or Hold?

Wall Street has a Moderate Buy consensus rating on Teradyne stock based on 12 Buys and five Holds. The average TER stock price target of $313.20 indicates 0.71% downside potential.

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