Tesla stock's historic decline drags ARK Invest's flagship fund to new 5-year lows

Dec 20 2022 by Business Insider

 

Marco Bello/Getty; Savanna Durr/Insider

Tesla's historic price decline has helped drag ARK Invest's flagship fund to five-year lows.The Ark Innovation ETF fell to its lowest level since August 2017 on Tuesday, while Tesla hit its lowest level since November 2020.Despite steep declines, Cathie Wood is buying more Tesla, and investors are buying more of the ARKK ETF. 

One of Tesla's most ardent supporters is starting to feel the pain of the electric vehicle maker's brutal 2022 declines. 

Cathie...

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