Cathie Wood's ARK Invest bought the dip on nearly $12 million of Tesla stock on the heels of Musk's sell-off

Dec 15 2022 by Business Insider

 
Cathie Wood's Ark Innovation ETF has slumped in 2022.

David Swanson/Reuters

Cathie Wood's ARK Invest bought nearly $12 million worth of Tesla stock on Wednesday.  The move follows chief executive Elon Musk's sale of $3.6 billion worth of shares.  Tesla is the third-largest position in the firm's portfolio.  

Cathie Wood's ARK Invest pounced on nearly $12 million worth of Tesla stock late Wednesday as the stock extended a recent string of losses and as news broke that Elon Musk dumped $3.6...

Continue Reading Cathie Wood's ARK Invest bought the dip on nearly $12 million of Tesla stock on the heels of Musk's sell-off