Cathie Wood's Ark funds plow another $19 million into Tesla stock after Elon Musk's EV maker missed delivery targets

Jan 4 2023 by Business Insider

 
Ark Invest CEO Cathie Wood.

Marco Bello/Getty; Savanna Durr/Insider

Two of Cathie Wood's Ark Invest funds snapped up another $19 million worth of Tesla shares Tuesday. Tesla's stock closed over 12% lower Tuesday after Elon Musk's automaker missed delivery forecasts. Wood spent December scooping up shares in Tesla, which lost 65% over a tumultuous 2022.

Cathie Wood's Ark Invest has loaded up on more Tesla shares, continuing to buy the dip on the electric-vehicle maker after its stock fell in...

Continue Reading Cathie Wood's Ark funds plow another $19 million into Tesla stock after Elon Musk's EV maker missed delivery targets