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Tesla is part of the Magnificent Seven. Cathie Wood, CEO of Ark Invest, oversees numerous exchange-traded funds (ETFs), including a family of funds that invest in technology stocks. One of the Ark Innovation ETF's biggest winners has been Tesla (NASDAQ: TSLA).

Cathie Wood, founder and CEO of ARK Invest, has cemented her reputation as a visionary investor with a knack for identifying disruptive technologies. She launched ARK Invest in 2014 after a career spanning decades, focusing on sectors like artificial intelligence, biotechnology, blockchain, and electric vehicles.

An exchange-traded fund that invests in Big Tech stocks was dropping sharply Monday, with most of its holdings in the red as tumbling shares of Tesla Inc. dragged down the ETF’s portfolio. The Roundhill Magnificent Seven ETF — which holds Apple Inc.

In a nutshell, the Ark Innovation ETF invests in a portfolio of mostly AI-focused stocks that have mostly performed quite well lately. Earlier in 2025, there was widespread fear that AI investment would slow down, that tariffs would hurt any AI stocks with international business, and that the U.S. economy was potentially heading for a recession.

Investor Cathie Wood, the CEO of Ark Invest, offered one of her most emphatic endorsements yet of Tesla Inc. (NASDAQ: TSLA) CEO, Elon Musk, calling him "the most productive human being on earth and in space in history.