Cathie Wood Pounces As Tesla Stock Plunged On Earnings Report


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Cathie Wood and her Ark Invest firm loaded up on Tesla (TSLA) stock Thursday as the EV giant dropped to its lowest levels since late January after announcing first-quarter earnings. X Wood's Ark Investment Management spent an estimated more than $40 million on 256,000 TSLA shares Thursday, after Tesla sank nearly 10% following the EV company's first 2023 financial announcement. As of April 21, Tesla stock is the top holding in ARK Investment with a weight of 9.28%. The recent Tesla stock purchases were done through ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW). The total worth...