One member of that quintet is the ARK Autonomous Technology & Robotics ETF (ARKQ). ARKK, which is ARK Investment Management’s flagship ETF, allocates 10.37% of its weight to Tesla, making the stock the fund’s largest holding by 230 basis points over second-place Zoom Video Communications (NASDAQ: ZM). Notable to ARKK and Tesla investors alike is the point that car buyers proved responsive to the company’s recent price reductions, which Musk implemented as an avenue for defending market share and helping consumers deal with soaring inflation.